YY Dividend Type Payments
Although YY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on JOYY 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 Tue 4:16 PM ET):
| JOYY Inc. - American Depositary Shares (YY) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 33.00 | 35.00 | 34.02 | -1.58 | 543K | 176 | 0.0B |
YY Dividend-Like Income Using Covered Calls
With YY at 34.02, 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% | 1.02 | 0.3 |
| 5% | 1.70 | 0.5 |
| 10% | 3.40 | 0.9 |
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 YY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 35.00 | 1.25 | 32 | 3.9 | 0.00 (0.0%) | |
| May 16 | 35.00 | 2.75 | 214 | 1.3 | 0.00 (0.0%) | |
| 5% Yield On YY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 35.00 | 1.25 | 32 | 3.9 | 0.00 (0.0%) | |
| May 16 | 35.00 | 2.75 | 214 | 1.3 | 0.00 (0.0%) | |
| 10% Yield On YY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 35.00 | 1.25 | 32 | 3.9 | 0.00 (0.0%) | |
| May 16 | 35.00 | 2.75 | 214 | 1.3 | 0.00 (0.0%) | |
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. | QQQ dividend | 1. | ANRO dividend | |
| 2. | FXI dividend | 7. | EEM dividend | 2. | ULCC dividend | |
| 3. | IWM dividend | 8. | SLV dividend | 3. | DNA dividend | |
| 4. | TSLA dividend | 9. | SMCI dividend | 4. | MNMD dividend | |
| 5. | SPY dividend | 10. | KWEB dividend | 5. | CPRI dividend | |
Want more examples? YXI Dividend | YYY Dividend
