BZ Dividend Type Payments
Although BZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on KANZHUN LIMITED - American Depository Shares 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):
KANZHUN LIMITED - American Depository Shares (BZ) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
14.50 | 14.72 | 14.69 | +0.83 | 2.4M | 64 | 0.0B |
BZ Dividend-Like Income Using Covered Calls
With BZ at 14.69, 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% | 0.44 | 0.1 |
5% | 0.73 | 0.2 |
10% | 1.47 | 0.4 |
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 BZ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 17 | 15.00 | 1.35 | 91 | 1.5 | 0.28 (1.9%) | |
Jul 18 | 15.00 | 1.00 | 183 | 0.5 | 0.28 (1.9%) |
5% Yield On BZ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 17 | 15.00 | 1.35 | 91 | 1.5 | 0.28 (1.9%) | |
Jul 18 | 15.00 | 1.00 | 183 | 0.5 | 0.28 (1.9%) |
10% Yield On BZ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 17 | 15.00 | 1.35 | 91 | 1.5 | 0.28 (1.9%) | |
Jul 18 | 15.00 | 1.00 | 183 | 0.5 | 0.28 (1.9%) |
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Want more examples? BYSI Dividend | BZH Dividend