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 Tue 4:16 PM ET):
SmartRent, Inc. Class A (SMRT) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
1.71 | 1.80 | 1.71 | -0.01 | 2.0M | - | 0.3B |
SMRT Dividend-Like Income Using Covered Calls
With SMRT at 1.71, 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% | 0.05 | 0.0 |
5% | 0.09 | 0.0 |
10% | 0.17 | 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 | |
Dec 20 | 2.50 | 0.20 | 88 | 0.2 | 0.70 (40.9%) | |
Mar 21 | 2.50 | 0.20 | 179 | 0.1 | 0.70 (40.9%) |
5% Yield On SMRT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 2.50 | 0.20 | 88 | 0.2 | 0.70 (40.9%) | |
Mar 21 | 2.50 | 0.20 | 179 | 0.1 | 0.70 (40.9%) |
10% Yield On SMRT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 2.50 | 0.20 | 88 | 0.2 | 0.70 (40.9%) | |
Mar 21 | 2.50 | 0.20 | 179 | 0.1 | 0.70 (40.9%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | CPRI dividend | |
2. | IWM dividend | 7. | EEM dividend | 2. | DJT dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | MBLY dividend | |
4. | QQQ dividend | 9. | GLD dividend | 4. | SMMT dividend | |
5. | HYG dividend | 10. | AAPL dividend | 5. | CLSK dividend |
Want more examples? SMPL Dividend | SMSI Dividend