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 Mon 4:16 PM ET):

Artisan Partners Asset Management Inc. Class A (APAM)
Bid Ask Last Change Volume P/E Market Cap
43.10 47.38 46.87 +0.20 399K 13 3.8B

APAM Dividend-Like Income Using Covered Calls

With APAM at 46.87, 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% 1.41 0.4
5% 2.34 0.6
10% 4.69 1.3

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
Jan 17 50.00 0.70 61 1.1 2.62 (5.6%)
Jun 20 50.00 2.20 215 1.0 2.62 (5.6%)
5% Yield On APAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 50.00 0.70 61 1.1 2.62 (5.6%)
Jun 20 50.00 2.20 215 1.0 2.62 (5.6%)

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Want more examples? APA Dividend | APD Dividend