ALTG Dividend Type Payments

Although ALTG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alta Equipment Group Inc. Class A 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):

Alta Equipment Group Inc. Class A (ALTG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
5.02	5.59	5.29	+0.39	189K	-	0.2B

ALTG Dividend-Like Income Using Covered Calls

With ALTG at 5.29, 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%	0.16	0.0
5%	0.26	0.1
10%	0.53	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 ALTG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	7.50	0.15	155	0.1	1.91 (36.1%)
Oct 17	7.50	0.25	218	0.1	1.91 (36.1%)

5% Yield On ALTG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	7.50	0.15	155	0.1	1.91 (36.1%)
Oct 17	7.50	0.25	218	0.1	1.91 (36.1%)

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Want more examples? ALT Dividend | ALTL Dividend