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 Thu 12:55 PM ET):
| Pactiv Evergreen Inc. - Common stock (PTVE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 17.78 | 17.79 | 17.79 | +0.04 | 87K | 42 | 3.2B |
PTVE Dividend-Like Income Using Covered Calls
With PTVE at 17.79, 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% | 0.53 | 0.1 |
| 5% | 0.89 | 0.2 |
| 10% | 1.78 | 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:
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| Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | SMCI dividend | |
| 2. | TLT dividend | 7. | SLV dividend | 2. | SNAP dividend | |
| 3. | SPY dividend | 8. | QQQ dividend | 3. | HUT dividend | |
| 4. | IWM dividend | 9. | KWEB dividend | 4. | SOUN dividend | |
| 5. | FXI dividend | 10. | IBIT dividend | 5. | EOSE dividend | |
Want more examples? PTON Dividend | PUI Dividend
