PJT Dividend Type Payments
Although PJT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PJT Partners 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 Thu 4:16 PM ET):
| PJT Partners Inc. Class A (PJT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 124.50 | 138.65 | 129.77 | +1.08 | 237K | 26 | 3.0B |
PJT Dividend-Like Income Using Covered Calls
With PJT at 129.77, 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% | 3.89 | 1.1 |
| 5% | 6.49 | 1.8 |
| 10% | 12.98 | 3.6 |
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 PJT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 140.00 | 0.55 | 30 | 1.8 | 1.35 (1.0%) | |
| Sep 19 | 140.00 | 6.20 | 156 | 4.0 | 1.35 (1.0%) | |
| 5% Yield On PJT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 140.00 | 0.55 | 30 | 1.8 | 1.35 (1.0%) | |
| Sep 19 | 140.00 | 6.20 | 156 | 4.0 | 1.35 (1.0%) | |
| 10% Yield On PJT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 140.00 | 6.20 | 156 | 4.0 | 1.35 (1.0%) | |
| Dec 19 | 140.00 | 9.30 | 247 | 3.8 | 1.35 (1.0%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | STLA dividend | |
| 2. | SPY dividend | 7. | GLD dividend | 2. | UPST dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | NBIS dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | HOOD dividend | |
| 5. | QQQ dividend | 10. | INTC dividend | 5. | RIOT dividend | |
Want more examples? PJP Dividend | PK Dividend
