APP Dividend Type Payments
Although APP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Applovin Corporation - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
| Applovin Corporation - Class A (APP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 317.00 | 318.50 | 318.48 | -10.72 | 4.1M | 100 | 111B |
APP Dividend-Like Income Using Covered Calls
With APP at 318.48, 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% | 9.55 | 2.6 |
| 5% | 15.92 | 4.4 |
| 10% | 31.85 | 8.7 |
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 APP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 317.50 | 22.60 | 29 | 74.5 | 0.00 (0.0%) | |
| Feb 14 | 317.50 | 31.10 | 36 | 83.6 | 0.00 (0.0%) | |
| 5% Yield On APP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 317.50 | 22.60 | 29 | 74.5 | 0.00 (0.0%) | |
| Feb 14 | 317.50 | 31.10 | 36 | 83.6 | 0.00 (0.0%) | |
| 10% Yield On APP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 317.50 | 22.60 | 29 | 74.5 | 0.00 (0.0%) | |
| Feb 14 | 317.50 | 31.10 | 36 | 83.6 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | RCAT dividend | |
| 2. | SLV dividend | 7. | XLF dividend | 2. | DNA dividend | |
| 3. | AAPL dividend | 8. | IWM dividend | 3. | EVH dividend | |
| 4. | EEM dividend | 9. | TSLA dividend | 4. | CIFR dividend | |
| 5. | INTC dividend | 10. | TLT dividend | 5. | CRNC dividend | |
Want more examples? APOG Dividend | APPF Dividend
