PTVE Dividend Type Payments

Although PTVE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Pactiv Evergreen Inc. - Common stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Pactiv Evergreen Inc. - Common stock (PTVE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
17.40	17.50	17.40	-0.03	279K	42	3.1B

PTVE Dividend-Like Income Using Covered Calls

With PTVE at 17.40, 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%	0.52	0.1
5%	0.87	0.2
10%	1.74	0.5

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 PTVE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	17.50	0.40	141	0.3	0.00 (0.0%)

5% Yield On PTVE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	17.50	0.40	141	0.3	0.00 (0.0%)

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