ASND Dividend Type Payments
Although ASND has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ascendis Pharma A/S - American Depositary Shares 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):
| Ascendis Pharma A/S - American Depositary Shares (ASND) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 161.56 |
172.88 |
172.60 |
+0.38 |
419K |
- |
0.0B |
ASND Dividend-Like Income Using Covered Calls
With ASND at 172.60, 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% |
5.18 |
1.4 |
| 5% |
8.63 |
2.4 |
| 10% |
17.26 |
4.7 |
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 ASND Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
175.00 |
7.80 |
47 |
16.6 |
2.12 (1.2%) |
| Oct 17 |
175.00 |
15.00 |
110 |
13.6 |
2.12 (1.2%) |
| 5% Yield On ASND Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
175.00 |
7.80 |
47 |
16.6 |
2.12 (1.2%) |
| Oct 17 |
175.00 |
15.00 |
110 |
13.6 |
2.12 (1.2%) |
| 10% Yield On ASND Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
175.00 |
7.80 |
47 |
16.6 |
2.12 (1.2%) |
| Oct 17 |
175.00 |
15.00 |
110 |
13.6 |
2.12 (1.2%) |
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