EVER Dividend Type Payments

EverQuote, Inc. - Class A dividend

Although EVER has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on EverQuote, 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 Fri 4:16 PM ET):

EverQuote, Inc. - Class A (EVER)
Bid Ask Last Change Volume P/E Market Cap
17.97 20.50 18.22 -0.71 488K 54 0.7B

EVER Dividend-Like Income Using Covered Calls

With EVER at 18.22, 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% 0.55 0.1
5% 0.91 0.2
10% 1.82 0.5

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 EVER Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 22.50 1.10 162 0.7 2.00 (11.0%)
Mar 21 22.50 0.35 71 0.5 2.00 (11.0%)
5% Yield On EVER Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 22.50 1.10 162 0.7 2.00 (11.0%)
Mar 21 22.50 0.35 71 0.5 2.00 (11.0%)
10% Yield On EVER Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 22.50 1.10 162 0.7 2.00 (11.0%)

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