PL Dividend Type Payments

Planet Labs PBC Class A dividend

Although PL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Planet Labs PBC 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):

Planet Labs PBC Class A (PL)
Bid Ask Last Change Volume P/E Market Cap
3.72 3.75 3.72 -0.11 4.5M - 1.1B

PL Dividend-Like Income Using Covered Calls

With PL at 3.72, 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% 0.11 0.0
5% 0.19 0.1
10% 0.37 0.1

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 PL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 4.00 0.30 51 0.6 0.25 (6.7%)
Apr 17 4.00 0.20 22 0.9 0.25 (6.7%)
5% Yield On PL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 4.00 0.30 51 0.6 0.25 (6.7%)
Apr 17 4.00 0.20 22 0.9 0.25 (6.7%)
10% Yield On PL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 4.00 0.30 51 0.6 0.25 (6.7%)
Apr 17 4.00 0.20 22 0.9 0.25 (6.7%)

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Want more examples? PKX Dividend | PLAB Dividend