SMRT Dividend Type Payments

Although SMRT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SmartRent, 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):

SmartRent, Inc. Class A (SMRT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
1.22	1.28	1.24	0.00	5.0M	-	0.2B

SMRT Dividend-Like Income Using Covered Calls

With SMRT at 1.24, 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%	0.04	0.0
5%	0.06	0.0
10%	0.12	0.0

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 SMRT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	1.50	0.05	49	0.1	0.22 (17.7%)
Sep 19	2.00	0.05	204	0.0	0.72 (58.1%)

5% Yield On SMRT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	1.50	0.05	49	0.1	0.22 (17.7%)
Sep 19	2.00	0.05	204	0.0	0.72 (58.1%)

10% Yield On SMRT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	1.50	0.05	49	0.1	0.22 (17.7%)
Jun 20	1.50	0.05	113	0.0	0.22 (17.7%)

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Want more examples? SMPL Dividend | SMSI Dividend