PKX Dividend Type Payments
Although PKX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:40 PM ET):
| POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th (PKX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 44.86 | 44.89 | 44.87 | +0.27 | 118K | 3.4 | 17B |
PKX Dividend-Like Income Using Covered Calls
With PKX at 44.87, 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% | 1.35 | 0.4 |
| 5% | 2.24 | 0.6 |
| 10% | 4.49 | 1.2 |
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 PKX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 45.00 | 2.50 | 213 | 1.2 | 0.11 (0.2%) | |
| May 16 | 45.00 | 1.00 | 122 | 0.8 | 0.11 (0.2%) | |
| 5% Yield On PKX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 45.00 | 2.50 | 213 | 1.2 | 0.11 (0.2%) | |
| May 16 | 45.00 | 1.00 | 122 | 0.8 | 0.11 (0.2%) | |
| 10% Yield On PKX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 17 | 45.00 | 0.20 | 3 | 6.7 | 0.11 (0.2%) | |
| Feb 21 | 45.00 | 1.40 | 38 | 3.7 | 0.11 (0.2%) | |
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | XP dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | RGTI dividend | |
| 3. | AAPL dividend | 8. | XLF dividend | 3. | QUBT dividend | |
| 4. | SPY dividend | 9. | TLT dividend | 4. | RUM dividend | |
| 5. | EEM dividend | 10. | IWM dividend | 5. | DNA dividend | |
Want more examples? PKW Dividend | PL Dividend
