EZPW Dividend Type Payments

Although EZPW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on EZCORP, Inc. - Class A Non-Voting 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):

EZCORP, Inc. - Class A Non-Voting (EZPW)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
8.00	11.91	11.82	-0.07	272K	11	0.6B

EZPW Dividend-Like Income Using Covered Calls

With EZPW at 11.82, 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%	0.35	0.1
5%	0.59	0.2
10%	1.18	0.3

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 EZPW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	12.50	1.20	344	0.3	0.59 (5.0%)
Jun 20	12.50	0.60	162	0.4	0.59 (5.0%)

5% Yield On EZPW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	12.50	1.20	344	0.3	0.59 (5.0%)
Jun 20	12.50	0.60	162	0.4	0.59 (5.0%)

10% Yield On EZPW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	12.50	1.20	344	0.3	0.59 (5.0%)
Jun 20	12.50	0.60	162	0.4	0.59 (5.0%)

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