XNET Dividend Type Payments
Although XNET has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Xunlei Limited - 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 Tue 4:16 PM ET):
| Xunlei Limited - American Depositary Shares (XNET) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 4.58 | 4.80 | 4.70 | +0.21 | 250K | 98 | 0.0B |
XNET Dividend-Like Income Using Covered Calls
With XNET at 4.70, 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% | 0.14 | 0.0 |
| 5% | 0.24 | 0.1 |
| 10% | 0.47 | 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 XNET Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 5.00 | 0.40 | 46 | 0.9 | 0.20 (4.3%) | |
| Apr 17 | 5.00 | 0.20 | 17 | 1.2 | 0.20 (4.3%) | |
| 5% Yield On XNET Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 5.00 | 0.40 | 46 | 0.9 | 0.20 (4.3%) | |
| Apr 17 | 5.00 | 0.20 | 17 | 1.2 | 0.20 (4.3%) | |
| 10% Yield On XNET Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 5.00 | 0.40 | 46 | 0.9 | 0.20 (4.3%) | |
| Apr 17 | 5.00 | 0.20 | 17 | 1.2 | 0.20 (4.3%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | NIO dividend | 1. | IONQ dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | QUBT dividend | |
| 3. | ASHR dividend | 8. | EEM dividend | 3. | ACHR dividend | |
| 4. | SLV dividend | 9. | TLT dividend | 4. | HIMS dividend | |
| 5. | QQQ dividend | 10. | TSLA dividend | 5. | EWTX dividend | |
Want more examples? XNCR Dividend | XNTK Dividend
