AMCX Dividend Type Payments

Although AMCX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AMC Networks 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 3:20 PM ET):

AMC Networks Inc. - Class A (AMCX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
8.88	8.90	8.89	-0.18	196K	14	0.4B

AMCX Dividend-Like Income Using Covered Calls

With AMCX at 8.89, 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%	0.27	0.1
5%	0.44	0.1
10%	0.89	0.2

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 AMCX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	10.00	1.40	246	0.6	1.10 (12.4%)
Dec 19	10.00	1.75	337	0.5	1.10 (12.4%)

5% Yield On AMCX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	10.00	1.40	246	0.6	1.10 (12.4%)
Dec 19	10.00	1.75	337	0.5	1.10 (12.4%)

10% Yield On AMCX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	10.00	1.40	246	0.6	1.10 (12.4%)
Dec 19	10.00	1.75	337	0.5	1.10 (12.4%)

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