TAK Dividend Type Payments

Although TAK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Takeda Pharmaceutical Company Limited American Depositary Shares (each r 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):

Takeda Pharmaceutical Company Limited American Depositary Shares (each r (TAK)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
13.75	14.25	14.06	+0.20	1.5M	-	0.0B

TAK Dividend-Like Income Using Covered Calls

With TAK at 14.06, 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%	0.70	0.2
10%	1.41	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 TAK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	15.00	0.35	239	0.1	0.75 (5.3%)
Jul 18	15.00	0.25	148	0.2	0.75 (5.3%)

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