SSNC Dividend Type Payments

Although SSNC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SS&C Technologies Holdings, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 3:55 PM ET):

SS&C Technologies Holdings, Inc. (SSNC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
79.53	79.60	79.56	-1.24	788K	25	20B

SSNC Dividend-Like Income Using Covered Calls

With SSNC at 79.56, 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%	2.39	0.7
5%	3.98	1.1
10%	7.96	2.2

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 SSNC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	80.00	2.10	65	3.2	0.40 (0.5%)
Nov 21	80.00	2.80	37	7.6	0.40 (0.5%)

5% Yield On SSNC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	80.00	2.10	65	3.2	0.40 (0.5%)
Nov 21	80.00	2.80	37	7.6	0.40 (0.5%)

10% Yield On SSNC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	80.00	2.10	65	3.2	0.40 (0.5%)
Nov 21	80.00	2.80	37	7.6	0.40 (0.5%)

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