PL Dividend Type Payments

Planet Labs PBC Class A dividend

Although PL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Planet Labs PBC Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Planet Labs PBC Class A (PL)
Bid Ask Last Change Volume P/E Market Cap
12.85 12.88 12.84 -0.11 5.8M - 4.0B

PL Dividend-Like Income Using Covered Calls

With PL at 12.84, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 0.39 0.1
5% 0.64 0.2
10% 1.28 0.4

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On PL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 12 13.00 0.95 4 23.8 0.12 (0.9%)
Dec 19 13.00 1.20 11 10.9 0.12 (0.9%)
5% Yield On PL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 12 13.00 0.95 4 23.8 0.12 (0.9%)
Dec 19 13.00 1.20 11 10.9 0.12 (0.9%)
10% Yield On PL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 12 13.00 0.95 4 23.8 0.12 (0.9%)
Dec 19 13.00 1.20 11 10.9 0.12 (0.9%)

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Top 10 Open Interest For Dec 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.PL dividend
2.SPY dividend 7.TLT dividend   2.RZLT dividend
3.QQQ dividend 8.SLV dividend   3.GME dividend
4.IWM dividend 9.GLD dividend   4.LULU dividend
5.IBIT dividend 10.FXI dividend   5.ALT dividend

Want more examples? PKX Dividend | PLAB Dividend