RYAAY Dividend Type Payments
Although RYAAY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ryanair Holdings plc - American Depositary Shares, each representing fiv 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):
| Ryanair Holdings plc - American Depositary Shares, each representing fiv (RYAAY) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 51.15 | 60.00 | 57.44 | -0.03 | 802K | 37 | 42B |
RYAAY Dividend-Like Income Using Covered Calls
With RYAAY at 57.44, 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% | 1.72 | 0.5 |
| 5% | 2.87 | 0.8 |
| 10% | 5.74 | 1.6 |
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 RYAAY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 60.00 | 1.05 | 33 | 3.2 | 0.00 (0.0%) | |
| Jul 18 | 60.00 | 0.05 | 5 | 1.0 | 0.00 (0.0%) | |
| 5% Yield On RYAAY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 60.00 | 1.05 | 33 | 3.2 | 0.00 (0.0%) | |
| Jul 18 | 60.00 | 0.05 | 5 | 1.0 | 0.00 (0.0%) | |
| 10% Yield On RYAAY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 60.00 | 1.05 | 33 | 3.2 | 0.00 (0.0%) | |
| Sep 19 | 60.00 | 1.50 | 68 | 2.2 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | FULC dividend | |
| 2. | SLV dividend | 7. | GLD dividend | 2. | QS dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | LNTH dividend | |
| 4. | TSLA dividend | 9. | IBIT dividend | 4. | BNED dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | PRAX dividend | |
Want more examples? RY Dividend | RYAM Dividend
