VNET Dividend Type Payments
Although VNET has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on VNET Group, Inc. - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
VNET Group, Inc. - American Depositary Shares (VNET) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
4.05 | 4.12 | 4.11 | -0.10 | 1.7M | - | 1.5B |
VNET Dividend-Like Income Using Covered Calls
With VNET at 4.11, 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% | 0.12 | 0.0 |
5% | 0.21 | 0.1 |
10% | 0.41 | 0.1 |
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 VNET Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 5.00 | 0.20 | 40 | 0.5 | 0.88 (21.4%) | |
Oct 18 | 5.00 | 0.05 | 12 | 0.4 | 0.88 (21.4%) |
5% Yield On VNET Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 5.00 | 0.20 | 40 | 0.5 | 0.88 (21.4%) | |
Oct 18 | 5.00 | 0.05 | 12 | 0.4 | 0.88 (21.4%) |
10% Yield On VNET Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 5.00 | 0.20 | 40 | 0.5 | 0.88 (21.4%) | |
Oct 18 | 5.00 | 0.05 | 12 | 0.4 | 0.88 (21.4%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | ASTS dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | LYFT dividend | |
3. | SPY dividend | 8. | SMCI dividend | 3. | AEHR dividend | |
4. | FXI dividend | 9. | KWEB dividend | 4. | JOBY dividend | |
5. | QQQ dividend | 10. | HYG dividend | 5. | COIN dividend |
Want more examples? VNDA Dividend | VNLA Dividend