PRTA Dividend Type Payments

Although PRTA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Prothena Corporation plc - 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):

Prothena Corporation plc - Ordinary Shares (PRTA)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
13.50	17.00	14.16	+0.01	290K	-	0.8B

PRTA Dividend-Like Income Using Covered Calls

With PRTA at 14.16, 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%	0.42	0.1
5%	0.71	0.2
10%	1.42	0.4

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 PRTA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	17.50	2.10	164	1.3	0.50 (3.5%)
Feb 21	20.00	0.20	45	0.4	3.00 (21.2%)

5% Yield On PRTA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	17.50	2.10	164	1.3	0.50 (3.5%)
Feb 21	20.00	0.20	45	0.4	3.00 (21.2%)

10% Yield On PRTA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	17.50	2.10	164	1.3	0.50 (3.5%)
Feb 21	20.00	0.20	45	0.4	3.00 (21.2%)

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Want more examples? PRQR Dividend | PRTS Dividend