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 Wed 3:15 PM ET):
EchoStar Corporation - Common stock (SATS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
25.74 | 25.78 | 25.78 | +0.45 | 510K | - | 7.1B |
SATS Dividend-Like Income Using Covered Calls
With SATS at 25.78, 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% | 0.77 | 0.2 |
5% | 1.29 | 0.4 |
10% | 2.58 | 0.7 |
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 15 | 26.00 | 2.94 | 52 | 5.7 | 0.22 (0.9%) | |
Oct 18 | 26.00 | 1.96 | 24 | 8.2 | 0.22 (0.9%) |
5% Yield On SATS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 26.00 | 2.94 | 52 | 5.7 | 0.22 (0.9%) | |
Oct 18 | 26.00 | 1.96 | 24 | 8.2 | 0.22 (0.9%) |
10% Yield On SATS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 26.00 | 2.94 | 52 | 5.7 | 0.22 (0.9%) | |
Oct 18 | 26.00 | 1.96 | 24 | 8.2 | 0.22 (0.9%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | HYG dividend | 1. | DJT dividend | |
2. | IWM dividend | 7. | EEM dividend | 2. | UPST dividend | |
3. | SPY dividend | 8. | FXI dividend | 3. | CPRI dividend | |
4. | SLV dividend | 9. | GLD dividend | 4. | PTON dividend | |
5. | QQQ dividend | 10. | TLT dividend | 5. | WULF dividend |
Want more examples? SASR Dividend | SAVA Dividend