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 Wed 4:16 PM ET):
| Applovin Corporation - Class A (APP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 433.00 | 434.94 | 380.32 | +5.07 | 7.0M | 114 | 126B |
APP Dividend-Like Income Using Covered Calls
With APP at 380.32, 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% | 11.41 | 3.1 |
| 5% | 19.02 | 5.2 |
| 10% | 38.03 | 10.4 |
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 | |
| Mar 7 | 435.00 | 18.80 | 24 | 78.3 | 0.06 (0.0%) | |
| Feb 14 | 435.00 | 11.30 | 3 | 376.7 | 0.06 (0.0%) | |
| 5% Yield On APP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 7 | 435.00 | 18.80 | 24 | 78.3 | 0.06 (0.0%) | |
| Feb 14 | 435.00 | 11.30 | 3 | 376.7 | 0.06 (0.0%) | |
| 10% Yield On APP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 7 | 435.00 | 18.80 | 24 | 78.3 | 0.06 (0.0%) | |
| Feb 14 | 435.00 | 11.30 | 3 | 376.7 | 0.06 (0.0%) | |
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| Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | FXI dividend | 1. | FSLY dividend | |
| 2. | SPY dividend | 7. | QQQ dividend | 2. | TTD dividend | |
| 3. | TLT dividend | 8. | KWEB dividend | 3. | RDDT dividend | |
| 4. | IWM dividend | 9. | SLV dividend | 4. | AUR dividend | |
| 5. | TSLA dividend | 10. | AMD dividend | 5. | ABNB dividend | |
Want more examples? APOG Dividend | APPF Dividend
