BOX Dividend Type Payments

Box, Inc. Class A dividend

Although BOX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Box, 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 Mon 11:20 AM ET):

Box, Inc. Class A (BOX)
Bid Ask Last Change Volume P/E Market Cap
33.59 33.60 33.59 +0.06 181K 43 10B

BOX Dividend-Like Income Using Covered Calls

With BOX at 33.59, 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% 1.01 0.3
5% 1.68 0.5
10% 3.36 0.9

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 BOX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 34.00 1.45 33 4.4 0.40 (1.2%)
Jan 17 34.00 1.70 61 2.8 0.40 (1.2%)
5% Yield On BOX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 34.00 1.45 33 4.4 0.40 (1.2%)
Jan 17 34.00 1.70 61 2.8 0.40 (1.2%)
10% Yield On BOX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 34.00 1.45 33 4.4 0.40 (1.2%)
Jan 17 34.00 1.70 61 2.8 0.40 (1.2%)

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Want more examples? BOUT Dividend | BP Dividend