RRR Dividend Type Payments

Although RRR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Red Rock Resorts, 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 Fri 4:16 PM ET):

Red Rock Resorts, Inc. - Class A (RRR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
52.20	57.49	56.13	-1.19	709K	22	6.1B

RRR Dividend-Like Income Using Covered Calls

With RRR at 56.13, 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%	1.68	0.5
5%	2.81	0.8
10%	5.61	1.5

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 RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	60.00	0.85	36	2.4	2.51 (4.5%)
Oct 17	59.00	2.40	99	2.4	1.51 (2.7%)

5% Yield On RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	60.00	0.85	36	2.4	2.51 (4.5%)
Oct 17	59.00	2.40	99	2.4	1.51 (2.7%)

10% Yield On RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	60.00	0.85	36	2.4	2.51 (4.5%)
Oct 17	59.00	2.40	99	2.4	1.51 (2.7%)

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Want more examples? RRGB Dividend | RS Dividend