APPF Dividend Type Payments
Although APPF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AppFolio, 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):
| AppFolio, Inc. - Class A (APPF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 200.00 | 265.88 | 213.64 | -4.86 | 195K | 39 | 8.0B |
APPF Dividend-Like Income Using Covered Calls
With APPF at 213.64, 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% | 6.41 | 1.8 |
| 5% | 10.68 | 2.9 |
| 10% | 21.36 | 5.9 |
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 APPF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 18 | 270.00 | 4.10 | 157 | 2.6 | 4.12 (1.9%) | |
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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? APP Dividend | APPN Dividend
