RDUS Dividend Type Payments
Although RDUS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Radius Recycling, 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 Mon 4:16 PM ET):
Radius Recycling, Inc. - Class A (RDUS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
13.80 | 19.38 | 18.54 | -0.51 | 131K | - | 0.5B |
RDUS Dividend-Like Income Using Covered Calls
With RDUS at 18.54, 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% | 0.56 | 0.2 |
5% | 0.93 | 0.3 |
10% | 1.85 | 0.5 |
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 RDUS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 20.00 | 0.80 | 47 | 1.7 | 0.62 (3.3%) | |
Oct 18 | 20.00 | 0.25 | 19 | 1.3 | 0.62 (3.3%) |
5% Yield On RDUS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 20.00 | 0.80 | 47 | 1.7 | 0.62 (3.3%) | |
Oct 18 | 20.00 | 0.25 | 19 | 1.3 | 0.62 (3.3%) |
10% Yield On RDUS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 20.00 | 0.80 | 47 | 1.7 | 0.62 (3.3%) | |
Oct 18 | 20.00 | 0.25 | 19 | 1.3 | 0.62 (3.3%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | QQQ dividend | 1. | APLD dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | SAVA dividend | |
3. | FXI dividend | 8. | HYG dividend | 3. | ASTS dividend | |
4. | SPY dividend | 9. | TLT dividend | 4. | MBLY dividend | |
5. | EEM dividend | 10. | TSLA dividend | 5. | CORZ dividend |
Want more examples? RDOG Dividend | RDWR Dividend