ANGI Dividend Type Payments
Although ANGI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Angi 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):
Angi Inc. - Class A (ANGI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
1.81 | 1.87 | 1.83 | -0.04 | 935K | - | 0.9B |
ANGI Dividend-Like Income Using Covered Calls
With ANGI at 1.83, 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% | 0.05 | 0.0 |
5% | 0.09 | 0.0 |
10% | 0.18 | 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 ANGI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 2.50 | 0.10 | 115 | 0.1 | 0.63 (34.4%) | |
Dec 19 | 2.50 | 0.35 | 332 | 0.1 | 0.63 (34.4%) |
5% Yield On ANGI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 2.50 | 0.10 | 115 | 0.1 | 0.63 (34.4%) | |
Dec 19 | 2.50 | 0.35 | 332 | 0.1 | 0.63 (34.4%) |
10% Yield On ANGI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 2.50 | 0.10 | 115 | 0.1 | 0.63 (34.4%) | |
Dec 19 | 2.50 | 0.35 | 332 | 0.1 | 0.63 (34.4%) |
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Want more examples? ANF Dividend | ANGL Dividend