ZDGE Dividend Type Payments
Although ZDGE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Zedge, Inc. Class B to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
Zedge, Inc. Class B (ZDGE) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
3.22 | 3.86 | 3.55 | +0.06 | 11K | - | 0.0B |
ZDGE Dividend-Like Income Using Covered Calls
With ZDGE at 3.55, 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% | 0.11 | 0.0 |
5% | 0.18 | 0.0 |
10% | 0.36 | 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 ZDGE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 17 | 6.00 | 0.10 | 189 | 0.1 | 2.14 (60.3%) |
5% Yield On ZDGE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 17 | 6.00 | 0.10 | 189 | 0.1 | 2.14 (60.3%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | DJT dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | CPRI dividend | |
3. | FXI dividend | 8. | TSLA dividend | 3. | WOLF dividend | |
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5. | QQQ dividend | 10. | HYG dividend | 5. | SAVA dividend |
Want more examples? ZBRA Dividend | ZEUS Dividend