SATS Dividend Type Payments

Although SATS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on EchoStar Corporation - Common stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:15 PM ET):

EchoStar Corporation - Common stock (SATS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
74.81	74.90	74.88	+0.88	734K	-	21B

SATS Dividend-Like Income Using Covered Calls

With SATS at 74.88, 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%	2.25	0.6
5%	3.74	1.0
10%	7.49	2.1

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 SATS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 7	75.00	4.60	26	17.7	0.10 (0.1%)
Nov 14	75.00	4.90	33	14.8	0.10 (0.1%)

5% Yield On SATS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 7	75.00	4.60	26	17.7	0.10 (0.1%)
Nov 14	75.00	4.90	33	14.8	0.10 (0.1%)

10% Yield On SATS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 7	75.00	4.60	26	17.7	0.10 (0.1%)
Nov 14	75.00	4.90	33	14.8	0.10 (0.1%)

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Want more examples? SAP Dividend | SAVA Dividend