AVNT Dividend

Although AVNT has a dividend of 0.27 with an ex-dividend date of Dec 13, you can sell covered calls on Avient Corporation 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):

Avient Corporation (AVNT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
47.84	54.68	50.73	+0.09	410K	31	4.6B

AVNT Dividend-Like Income Using Covered Calls

With AVNT at 50.73, 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%	1.52	0.4
5%	2.54	0.7
10%	5.07	1.4

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 AVNT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	55.00	0.25	33	0.8	0.32 (0.6%)
Dec 19	55.00	2.00	397	0.5	0.32 (0.6%)

5% Yield On AVNT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	55.00	0.25	33	0.8	0.32 (0.6%)
Mar 21	55.00	1.65	124	1.3	0.32 (0.6%)

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Want more examples? AVNS Dividend | AVNW Dividend