SES Dividend Type Payments
Although SES has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SES AI Corporation 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 3:55 PM ET):
| SES AI Corporation Class A (SES) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 2.41 |
2.42 |
2.42 |
-0.14 |
9.8M |
- |
0.9B |
SES Dividend-Like Income Using Covered Calls
With SES at 2.42, 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% |
0.07 |
0.0 |
| 5% |
0.12 |
0.0 |
| 10% |
0.24 |
0.1 |
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 SES Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
3.00 |
0.25 |
40 |
0.6 |
0.58 (24.0%) |
| Nov 21 |
3.00 |
0.05 |
12 |
0.4 |
0.58 (24.0%) |
| 5% Yield On SES Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
3.00 |
0.25 |
40 |
0.6 |
0.58 (24.0%) |
| Nov 21 |
3.00 |
0.05 |
12 |
0.4 |
0.58 (24.0%) |
| 10% Yield On SES Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
3.00 |
0.25 |
40 |
0.6 |
0.58 (24.0%) |
| Nov 21 |
3.00 |
0.05 |
12 |
0.4 |
0.58 (24.0%) |
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