APAM Dividend Type Payments

Artisan Partners Asset Management Inc. Class A dividend

Although APAM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Artisan Partners Asset Management 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):

Artisan Partners Asset Management Inc. Class A (APAM)
Bid Ask Last Change Volume P/E Market Cap
40.00 43.75 41.99 +0.58 667K 12 3.3B

APAM Dividend-Like Income Using Covered Calls

With APAM at 41.99, 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% 1.26 0.3
5% 2.10 0.6
10% 4.20 1.2

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 APAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 45.00 1.55 164 0.9 1.25 (3.0%)
Feb 21 45.00 0.45 45 1.0 1.25 (3.0%)
5% Yield On APAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 45.00 1.55 164 0.9 1.25 (3.0%)
Feb 21 45.00 0.45 45 1.0 1.25 (3.0%)

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