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 3:05 PM ET):

Xunlei Limited - American Depositary Shares (XNET)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
6.85	6.87	6.86	+0.19	210K	-	0.0B

XNET Dividend-Like Income Using Covered Calls

With XNET at 6.86, 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%	0.21	0.1
5%	0.34	0.1
10%	0.69	0.2

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 XNET Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	10.00	0.10	95	0.1	3.13 (45.6%)
Jan 15	7.00	0.60	396	0.2	0.13 (1.9%)

5% Yield On XNET Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	10.00	0.10	95	0.1	3.13 (45.6%)
Jan 15	7.00	0.60	396	0.2	0.13 (1.9%)

10% Yield On XNET Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	7.00	0.40	95	0.4	0.13 (1.9%)

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