ABR Dividend Type Payments
Although ABR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Arbor Realty Trust to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
Arbor Realty Trust (ABR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
13.78 | 13.92 | 13.76 | -0.46 | 3.6M | 11 | 5.4B |
ABR Dividend-Like Income Using Covered Calls
With ABR at 13.76, 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% | 0.41 | 0.1 |
5% | 0.69 | 0.2 |
10% | 1.38 | 0.4 |
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 ABR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 14.00 | 0.05 | 3 | 1.7 | 0.08 (0.6%) | |
Jan 3 | 14.50 | 0.05 | 17 | 0.3 | 0.58 (4.2%) |
5% Yield On ABR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 14.00 | 0.05 | 3 | 1.7 | 0.08 (0.6%) | |
Jan 3 | 14.50 | 0.05 | 17 | 0.3 | 0.58 (4.2%) |
10% Yield On ABR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 14.00 | 0.05 | 3 | 1.7 | 0.08 (0.6%) | |
Jan 10 | 14.50 | 0.10 | 24 | 0.4 | 0.58 (4.2%) |
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Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | NVDA dividend | |
2. | SPY dividend | 7. | IWM dividend | 2. | RGTI dividend | |
3. | XLF dividend | 8. | KWEB dividend | 3. | QUBT dividend | |
4. | QQQ dividend | 9. | TLT dividend | 4. | MU dividend | |
5. | FXI dividend | 10. | TSLA dividend | 5. | QBTS dividend |
Want more examples? ABNB Dividend | ABT Dividend