TEO Dividend Type Payments
Although TEO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Telecom Argentina SA to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Telecom Argentina SA (TEO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 12.90 | 13.36 | 13.19 | -0.19 | 247K | - | 2.6B |
TEO Dividend-Like Income Using Covered Calls
With TEO at 13.19, 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% | 0.40 | 0.1 |
| 5% | 0.66 | 0.2 |
| 10% | 1.32 | 0.4 |
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:
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | APLD dividend | |
| 2. | KWEB dividend | 7. | CORZ dividend | 2. | OCUL dividend | |
| 3. | NVDA dividend | 8. | INTC dividend | 3. | ONDS dividend | |
| 4. | GLD dividend | 9. | SPY dividend | 4. | CIFR dividend | |
| 5. | IBIT dividend | 10. | HYG dividend | 5. | ENPH dividend | |
Want more examples? TENB Dividend | TEQI Dividend
