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 Thu 4:16 PM ET):
| Atlassian Corporation - Class A (TEAM) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 254.10 |
259.00 |
254.24 |
-3.25 |
1.6M |
- |
42B |
TEAM Dividend-Like Income Using Covered Calls
With TEAM at 254.24, 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% |
7.63 |
2.1 |
| 5% |
12.71 |
3.5 |
| 10% |
25.42 |
7.0 |
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 TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 3 |
260.00 |
2.35 |
9 |
26.1 |
1.00 (0.4%) |
| Jan 10 |
260.00 |
4.50 |
16 |
28.1 |
1.00 (0.4%) |
| 5% Yield On TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 3 |
260.00 |
2.35 |
9 |
26.1 |
1.00 (0.4%) |
| Jan 10 |
260.00 |
4.50 |
16 |
28.1 |
1.00 (0.4%) |
| 10% Yield On TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 3 |
260.00 |
2.35 |
9 |
26.1 |
1.00 (0.4%) |
| Jan 10 |
260.00 |
4.50 |
16 |
28.1 |
1.00 (0.4%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
