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 Fri 12:50 PM ET):
| Atlassian Corporation - Class A (TEAM) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 151.41 |
151.60 |
151.50 |
+1.38 |
1.1M |
- |
25B |
TEAM Dividend-Like Income Using Covered Calls
With TEAM at 151.50, 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% |
4.55 |
1.2 |
| 5% |
7.58 |
2.1 |
| 10% |
15.15 |
4.2 |
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 |
| Nov 7 |
155.00 |
10.10 |
22 |
45.9 |
3.40 (2.2%) |
| Nov 14 |
155.00 |
11.10 |
29 |
38.3 |
3.40 (2.2%) |
| 5% Yield On TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 7 |
155.00 |
10.10 |
22 |
45.9 |
3.40 (2.2%) |
| Nov 14 |
155.00 |
11.10 |
29 |
38.3 |
3.40 (2.2%) |
| 10% Yield On TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 7 |
155.00 |
10.10 |
22 |
45.9 |
3.40 (2.2%) |
| Nov 14 |
155.00 |
11.10 |
29 |
38.3 |
3.40 (2.2%) |
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