TEAM Dividend Type Payments
Although TEAM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Atlassian Corporation - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:00 AM ET):
| Atlassian Corporation - Class A (TEAM) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 164.23 |
164.49 |
164.35 |
+4.79 |
946K |
- |
27B |
TEAM Dividend-Like Income Using Covered Calls
With TEAM at 164.35, 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% |
4.93 |
1.4 |
| 5% |
8.22 |
2.3 |
| 10% |
16.44 |
4.5 |
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 TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
165.00 |
2.00 |
3 |
66.7 |
0.51 (0.3%) |
| Dec 26 |
165.00 |
3.60 |
10 |
36.0 |
0.51 (0.3%) |
| 5% Yield On TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
165.00 |
2.00 |
3 |
66.7 |
0.51 (0.3%) |
| Dec 26 |
165.00 |
3.60 |
10 |
36.0 |
0.51 (0.3%) |
| 10% Yield On TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
165.00 |
2.00 |
3 |
66.7 |
0.51 (0.3%) |
| Dec 26 |
165.00 |
3.60 |
10 |
36.0 |
0.51 (0.3%) |
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