SNOW Dividend Type Payments

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

Snowflake Inc. Class A (SNOW)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
199.77	200.25	200.05	-3.13	11.8M	-	136B

SNOW Dividend-Like Income Using Covered Calls

With SNOW at 200.05, 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%	6.00	1.6
5%	10.00	2.7
10%	20.01	5.5

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 SNOW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 6	200.00	6.25	15	40.0	0.00 (0.0%)
Jun 13	200.00	7.30	22	32.0	0.00 (0.0%)

5% Yield On SNOW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 6	200.00	6.25	15	40.0	0.00 (0.0%)
Jun 13	200.00	7.30	22	32.0	0.00 (0.0%)

10% Yield On SNOW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 6	200.00	6.25	15	40.0	0.00 (0.0%)
Jun 13	200.00	7.30	22	32.0	0.00 (0.0%)

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Want more examples? SNN Dividend | SNPE Dividend