RDI Dividend Type Payments
Although RDI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Reading International Inc - Class A Non-voting to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:05 AM ET):
| Reading International Inc - Class A Non-voting (RDI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 1.40 | 1.46 | 1.42 | +0.01 | 2K | - | 0.0B |
RDI Dividend-Like Income Using Covered Calls
With RDI at 1.42, 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% | 0.04 | 0.0 |
| 5% | 0.07 | 0.0 |
| 10% | 0.14 | 0.0 |
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:
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| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | RH dividend | |
| 2. | SPY dividend | 7. | TSLA dividend | 2. | DYN dividend | |
| 3. | QQQ dividend | 8. | EEM dividend | 3. | NBIS dividend | |
| 4. | SLV dividend | 9. | FXI dividend | 4. | IONQ dividend | |
| 5. | IWM dividend | 10. | TLT dividend | 5. | ALT dividend | |
Want more examples? RDFN Dividend | RDIV Dividend
