ANY Dividend Type Payments

Sphere 3D Corp. - Common Shares dividend

Although ANY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sphere 3D Corp. - Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:35 PM ET):

Sphere 3D Corp. - Common Shares (ANY)
Bid Ask Last Change Volume P/E Market Cap
1.54 1.55 1.54 +0.18 643K - 0.0B

ANY Dividend-Like Income Using Covered Calls

With ANY at 1.54, 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% 0.08 0.0
10% 0.15 0.0

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 ANY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 2.00 0.10 32 0.3 0.45 (29.2%)
Jan 17 2.00 0.10 60 0.2 0.45 (29.2%)
5% Yield On ANY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 2.00 0.10 32 0.3 0.45 (29.2%)
Jan 17 2.00 0.10 60 0.2 0.45 (29.2%)
10% Yield On ANY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 2.00 0.10 32 0.3 0.45 (29.2%)
Jan 17 2.00 0.10 60 0.2 0.45 (29.2%)

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