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 Thu 10:30 AM ET):

Planet Labs PBC Class A (PL)
Bid Ask Last Change Volume P/E Market Cap
10.47 10.48 10.47 +0.24 2.9M - 3.1B

PL Dividend-Like Income Using Covered Calls

With PL at 10.47, 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% 0.31 0.1
5% 0.52 0.1
10% 1.05 0.3

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
Oct 3 10.50 0.60 16 3.8 0.02 (0.2%)
Oct 10 11.00 0.50 23 2.2 0.52 (5.0%)
5% Yield On PL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 3 10.50 0.60 16 3.8 0.02 (0.2%)
Oct 10 11.00 0.50 23 2.2 0.52 (5.0%)
10% Yield On PL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 3 10.50 0.60 16 3.8 0.02 (0.2%)
Oct 10 11.00 0.50 23 2.2 0.52 (5.0%)

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