SMRT Dividend Type Payments
Although SMRT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SmartRent, Inc. Class A 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):
| SmartRent, Inc. Class A (SMRT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 1.52 | 1.68 | 1.59 | -0.06 | 593K | - | 0.3B |
SMRT Dividend-Like Income Using Covered Calls
With SMRT at 1.59, 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% | 0.05 | 0.0 |
| 5% | 0.08 | 0.0 |
| 10% | 0.16 | 0.0 |
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 SMRT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 20 | 2.00 | 0.10 | 162 | 0.1 | 0.32 (20.1%) | |
| Mar 21 | 2.00 | 0.05 | 71 | 0.1 | 0.32 (20.1%) | |
| 5% Yield On SMRT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 20 | 2.00 | 0.10 | 162 | 0.1 | 0.32 (20.1%) | |
| Mar 21 | 2.00 | 0.05 | 71 | 0.1 | 0.32 (20.1%) | |
| 10% Yield On SMRT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 20 | 2.00 | 0.10 | 162 | 0.1 | 0.32 (20.1%) | |
| Mar 21 | 2.00 | 0.05 | 71 | 0.1 | 0.32 (20.1%) | |
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | RCAT dividend | |
| 2. | SLV dividend | 7. | XLF dividend | 2. | DNA dividend | |
| 3. | AAPL dividend | 8. | IWM dividend | 3. | EVH dividend | |
| 4. | EEM dividend | 9. | TSLA dividend | 4. | CIFR dividend | |
| 5. | INTC dividend | 10. | TLT dividend | 5. | CRNC dividend | |
Want more examples? SMPL Dividend | SMSI Dividend
