AMC Dividend Type Payments
Although AMC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AMC Entertainment Holdings, 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 Wed 4:16 PM ET):
AMC Entertainment Holdings, Inc. Class A (AMC) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
2.75 | 2.76 | 2.75 | -0.03 | 6.9M | - | 2.2B |
AMC Dividend-Like Income Using Covered Calls
With AMC at 2.75, 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% | 0.08 | 0.0 |
5% | 0.14 | 0.0 |
10% | 0.28 | 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 AMC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 2 | 3.00 | 0.14 | 31 | 0.5 | 0.24 (8.7%) | |
Apr 4 | 3.00 | 0.01 | 3 | 0.3 | 0.24 (8.7%) |
5% Yield On AMC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 2 | 3.00 | 0.14 | 31 | 0.5 | 0.24 (8.7%) | |
Apr 4 | 3.00 | 0.01 | 3 | 0.3 | 0.24 (8.7%) |
10% Yield On AMC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 2 | 3.00 | 0.14 | 31 | 0.5 | 0.24 (8.7%) | |
Apr 4 | 3.00 | 0.01 | 3 | 0.3 | 0.24 (8.7%) |
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Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IWM dividend | 1. | QBTS dividend | |
2. | SPY dividend | 7. | NIO dividend | 2. | OKLO dividend | |
3. | SLV dividend | 8. | EEM dividend | 3. | IONQ dividend | |
4. | ASHR dividend | 9. | TLT dividend | 4. | RIOT dividend | |
5. | QQQ dividend | 10. | TSLA dividend | 5. | IREN dividend |
Want more examples? AMBR Dividend | AMCR Dividend