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 1:10 PM ET):
Atlassian Corporation - Class A (TEAM) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
187.97 |
188.04 |
188.04 |
+4.04 |
1.6M |
- |
29B |
TEAM Dividend-Like Income Using Covered Calls
With TEAM at 188.04, 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% |
5.64 |
1.5 |
5% |
9.40 |
2.6 |
10% |
18.80 |
5.2 |
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 TEAM Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 1 |
190.00 |
10.90 |
22 |
49.5 |
1.96 (1.0%) |
Nov 8 |
190.00 |
11.40 |
29 |
39.3 |
1.96 (1.0%) |
5% Yield On TEAM Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 1 |
190.00 |
10.90 |
22 |
49.5 |
1.96 (1.0%) |
Nov 8 |
190.00 |
11.40 |
29 |
39.3 |
1.96 (1.0%) |
10% Yield On TEAM Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 1 |
190.00 |
10.90 |
22 |
49.5 |
1.96 (1.0%) |
Nov 8 |
190.00 |
11.40 |
29 |
39.3 |
1.96 (1.0%) |
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