TEAM Dividend Type Payments
Although TEAM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Atlassian 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 Fri 4:16 PM ET):
| Atlassian Corporation - Class A (TEAM) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 196.28 |
207.00 |
202.32 |
+3.82 |
2.2M |
- |
33B |
TEAM Dividend-Like Income Using Covered Calls
With TEAM at 202.32, 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% |
6.07 |
1.7 |
| 5% |
10.12 |
2.8 |
| 10% |
20.23 |
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 TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 1 |
210.00 |
10.00 |
36 |
27.8 |
3.00 (1.5%) |
| Jul 3 |
207.50 |
0.45 |
7 |
6.4 |
0.50 (0.2%) |
| 5% Yield On TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 1 |
210.00 |
10.00 |
36 |
27.8 |
3.00 (1.5%) |
| Jul 3 |
207.50 |
0.45 |
7 |
6.4 |
0.50 (0.2%) |
| 10% Yield On TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 1 |
210.00 |
10.00 |
36 |
27.8 |
3.00 (1.5%) |
| Jul 3 |
207.50 |
0.45 |
7 |
6.4 |
0.50 (0.2%) |
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