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 Tue 4:16 PM ET):

EverQuote, Inc. - Class A (EVER)
Bid Ask Last Change Volume P/E Market Cap
16.48 25.80 25.23 +0.78 492K 28 0.9B

EVER Dividend-Like Income Using Covered Calls

With EVER at 25.23, 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% 0.76 0.2
5% 1.26 0.3
10% 2.52 0.7

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
Apr 17 30.00 0.45 38 1.2 4.20 (16.6%)
Sep 19 30.00 1.10 193 0.6 4.20 (16.6%)
5% Yield On EVER Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 30.00 0.45 38 1.2 4.20 (16.6%)
Sep 19 30.00 1.10 193 0.6 4.20 (16.6%)
10% Yield On EVER Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 30.00 0.45 38 1.2 4.20 (16.6%)
Jun 20 30.00 1.35 102 1.3 4.20 (16.6%)

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