ASX Dividend Type Payments
Although ASX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ASE Technology Holding Co., Ltd. American Depositary Shares (each repres 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):
ASE Technology Holding Co., Ltd. American Depositary Shares (each repres (ASX) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
10.25 | 10.56 | 10.52 | +0.01 | 6.2M | 45 | 0.0B |
ASX Dividend-Like Income Using Covered Calls
With ASX at 10.52, 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% | 0.32 | 0.1 |
5% | 0.53 | 0.1 |
10% | 1.05 | 0.3 |
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 ASX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 12.50 | 0.30 | 246 | 0.1 | 1.94 (18.4%) | |
Jun 20 | 12.50 | 0.20 | 155 | 0.1 | 1.94 (18.4%) |
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Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | FXI dividend | 1. | RGTI dividend | |
2. | TLT dividend | 7. | TSLA dividend | 2. | QUBT dividend | |
3. | IWM dividend | 8. | AMZN dividend | 3. | DJT dividend | |
4. | SPY dividend | 9. | ASHR dividend | 4. | MSTR dividend | |
5. | SLV dividend | 10. | AAPL dividend | 5. | SOUN dividend |
Want more examples? ASUR Dividend | ASYS Dividend