PRQR Dividend Type Payments
Although PRQR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProQR Therapeutics N.V. - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
ProQR Therapeutics N.V. - Ordinary Shares (PRQR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
2.47 | 2.77 | 2.62 | -0.03 | 439K | - | 0.1B |
PRQR Dividend-Like Income Using Covered Calls
With PRQR at 2.62, 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% | 0.08 | 0.0 |
5% | 0.13 | 0.0 |
10% | 0.26 | 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:
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Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SPY dividend | 1. | RGTI dividend | |
2. | SLV dividend | 7. | XLF dividend | 2. | IONQ dividend | |
3. | AAPL dividend | 8. | IWM dividend | 3. | U dividend | |
4. | EEM dividend | 9. | TSLA dividend | 4. | VIR dividend | |
5. | INTC dividend | 10. | TLT dividend | 5. | HCAT dividend |
Want more examples? PRPL Dividend | PRTA Dividend