EVR Dividend Type Payments

Evercore Inc. Class A dividend

Although EVR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Evercore 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):

Evercore Inc. Class A (EVR)
Bid Ask Last Change Volume P/E Market Cap
248.97 272.42 262.95 -11.37 460K 35 10B

EVR Dividend-Like Income Using Covered Calls

With EVR at 262.95, 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% 7.89 2.2
5% 13.15 3.6
10% 26.30 7.2

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 EVR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 280.00 0.25 8 3.1 7.58 (2.9%)
Jun 20 280.00 16.40 162 10.1 7.58 (2.9%)
5% Yield On EVR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 280.00 16.40 162 10.1 7.58 (2.9%)
Feb 21 280.00 5.70 43 13.3 7.58 (2.9%)
10% Yield On EVR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 280.00 16.40 162 10.1 7.58 (2.9%)
Feb 21 280.00 5.70 43 13.3 7.58 (2.9%)

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Want more examples? EVLV Dividend | EVRG Dividend