JOYY Dividend Type Payments
Although JOYY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on JOYY Inc. - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| JOYY Inc. - American Depositary Shares (JOYY) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 40.00 |
41.50 |
41.17 |
+0.44 |
255K |
250 |
0.0B |
JOYY Dividend-Like Income Using Covered Calls
With JOYY at 41.17, 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% |
1.24 |
0.3 |
| 5% |
2.06 |
0.6 |
| 10% |
4.12 |
1.1 |
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 JOYY Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
45.00 |
1.55 |
110 |
1.4 |
3.50 (8.5%) |
| May 16 |
45.00 |
0.10 |
19 |
0.5 |
3.50 (8.5%) |
| 5% Yield On JOYY Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
45.00 |
1.55 |
110 |
1.4 |
3.50 (8.5%) |
| Jun 20 |
45.00 |
1.00 |
54 |
1.9 |
3.50 (8.5%) |
| 10% Yield On JOYY Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
45.00 |
1.55 |
110 |
1.4 |
3.50 (8.5%) |
| Jun 20 |
45.00 |
1.00 |
54 |
1.9 |
3.50 (8.5%) |
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