QD Dividend Type Payments
Although QD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Qudian Inc. American Depositary Shares, each representing one Class A Or to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Qudian Inc. American Depositary Shares, each representing one Class A Or (QD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.40 | 2.52 | 2.47 | -0.05 | 385K | - | 0.0B |
QD Dividend-Like Income Using Covered Calls
With QD at 2.47, 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% | 0.07 | 0.0 |
| 5% | 0.12 | 0.0 |
| 10% | 0.25 | 0.1 |
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 QD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 5.00 | 0.05 | 215 | 0.0 | 2.48 (100.4%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | STLA dividend | |
| 2. | SPY dividend | 7. | GLD dividend | 2. | HOOD dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | VRT dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | UPST dividend | |
| 5. | QQQ dividend | 10. | KWEB dividend | 5. | RIOT dividend | |
Want more examples? QCRH Dividend | QDEF Dividend
