ARES Dividend Type Payments

Although ARES has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ares Management 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 Tue 4:16 PM ET):

Ares Management Corporation Class A (ARES)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
176.90	184.00	179.17	+3.68	791K	80	54B

ARES Dividend-Like Income Using Covered Calls

With ARES at 179.17, 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%	5.38	1.5
5%	8.96	2.5
10%	17.92	4.9

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 ARES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	185.00	0.45	4	11.3	1.00 (0.6%)
Jun 20	185.00	10.20	158	6.5	1.00 (0.6%)

5% Yield On ARES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	185.00	0.45	4	11.3	1.00 (0.6%)
Jun 20	185.00	10.20	158	6.5	1.00 (0.6%)

10% Yield On ARES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	185.00	0.45	4	11.3	1.00 (0.6%)
Jun 20	185.00	10.20	158	6.5	1.00 (0.6%)

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Want more examples? ARE Dividend | ARGT Dividend