JOYY Dividend

Although JOYY has a dividend of 0.93 with an ex-dividend date of Apr 17, 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 Fri 4:16 PM ET):

JOYY Inc. - American Depositary Shares (JOYY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
38.88	41.23	39.14	-2.95	955K	258	0.0B

JOYY Dividend-Like Income Using Covered Calls

With JOYY at 39.14, 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%	1.17	0.3
5%	1.96	0.5
10%	3.91	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	1.20	134	0.9	3.77 (9.6%)
May 16	45.00	0.25	43	0.6	3.77 (9.6%)

5% Yield On JOYY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	45.00	1.20	134	0.9	3.77 (9.6%)
May 16	45.00	0.25	43	0.6	3.77 (9.6%)

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Top 10 Open Interest For Apr 17 Expiration				Top 5 High Yield
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Want more examples? JOET Dividend | JPEM Dividend