AMPH Dividend Type Payments

Although AMPH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Amphastar Pharmaceuticals, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Amphastar Pharmaceuticals, Inc. (AMPH)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
36.00	37.99	37.12	+0.01	431K	12	1.8B

AMPH Dividend-Like Income Using Covered Calls

With AMPH at 37.12, 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%	1.11	0.3
5%	1.86	0.5
10%	3.71	1.0

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 AMPH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	40.00	1.60	235	0.7	2.01 (5.4%)
Dec 19	40.00	3.20	326	1.0	2.01 (5.4%)

5% Yield On AMPH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	40.00	1.60	235	0.7	2.01 (5.4%)
Dec 19	40.00	3.20	326	1.0	2.01 (5.4%)

10% Yield On AMPH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 21	40.00	0.35	25	1.4	2.01 (5.4%)
Mar 21	40.00	1.05	53	2.0	2.01 (5.4%)

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Top 10 Open Interest For Feb 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	TSLA dividend	1.	SMCI dividend
2.	TLT dividend	7.	SLV dividend	2.	SNAP dividend
3.	SPY dividend	8.	AMZN dividend	3.	SYM dividend
4.	IWM dividend	9.	QQQ dividend	4.	SOUN dividend
5.	FXI dividend	10.	KWEB dividend	5.	PTON dividend

Want more examples? AMP Dividend | AMPS Dividend