VIRT Dividend

Although VIRT has a dividend of 0.24 with an ex-dividend date of Aug 29, you can sell covered calls on Virtu Financial, 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 Tue 4:16 PM ET):

Virtu Financial, Inc. Class A (VIRT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
41.00	42.11	42.11	+0.07	959K	10	6.5B

VIRT Dividend-Like Income Using Covered Calls

With VIRT at 42.11, 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%	1.26	0.3
5%	2.11	0.6
10%	4.21	1.2

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 VIRT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	42.00	0.40	4	7.3	0.00 (0.0%)
Sep 19	42.00	1.55	39	3.7	0.00 (0.0%)

5% Yield On VIRT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	42.00	0.40	4	7.3	0.00 (0.0%)
Sep 19	42.00	1.55	39	3.7	0.00 (0.0%)

10% Yield On VIRT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	42.00	0.40	4	7.3	0.00 (0.0%)
Sep 19	42.00	1.55	39	3.7	0.00 (0.0%)

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Want more examples? VIR Dividend | VIS Dividend