PLTR Dividend Type Payments
Although PLTR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Palantir Technologies Inc. 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):
| Palantir Technologies Inc. Class A (PLTR) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 189.46 |
189.51 |
189.60 |
+0.42 |
36.4M |
631 |
449B |
PLTR Dividend-Like Income Using Covered Calls
With PLTR at 189.60, 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% |
5.69 |
1.6 |
| 5% |
9.48 |
2.6 |
| 10% |
18.96 |
5.2 |
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 PLTR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 5 |
190.00 |
15.10 |
39 |
38.7 |
0.49 (0.3%) |
| Nov 7 |
190.00 |
10.80 |
11 |
98.2 |
0.49 (0.3%) |
| 5% Yield On PLTR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 5 |
190.00 |
15.10 |
39 |
38.7 |
0.49 (0.3%) |
| Nov 7 |
190.00 |
10.80 |
11 |
98.2 |
0.49 (0.3%) |
| 10% Yield On PLTR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 5 |
190.00 |
15.10 |
39 |
38.7 |
0.49 (0.3%) |
| Nov 7 |
190.00 |
10.80 |
11 |
98.2 |
0.49 (0.3%) |
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