OSW Dividend
Although OSW has a dividend of 0.04 with an ex-dividend date of Nov 20, you can sell covered calls on OneSpaWorld Holdings Limited - Common 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):
| OneSpaWorld Holdings Limited - Common Shares (OSW) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 18.15 | 19.34 | 18.69 | +0.03 | 363K | - | 1.9B |
OSW Dividend-Like Income Using Covered Calls
With OSW at 18.69, 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% | 0.56 | 0.2 |
| 5% | 0.93 | 0.3 |
| 10% | 1.87 | 0.5 |
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:
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| Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | QQQ dividend | 1. | SAVA dividend | |
| 2. | SPY dividend | 7. | XLF dividend | 2. | CRVS dividend | |
| 3. | EEM dividend | 8. | KWEB dividend | 3. | ANAB dividend | |
| 4. | FXI dividend | 9. | TLT dividend | 4. | APP dividend | |
| 5. | IWM dividend | 10. | KRE dividend | 5. | RCAT dividend | |
Want more examples? OSUR Dividend | OTEX Dividend
