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 Mon 4:16 PM ET):
| Atlassian Corporation - Class A (TEAM) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 173.50 |
176.40 |
173.87 |
-1.00 |
2.0M |
- |
29B |
TEAM Dividend-Like Income Using Covered Calls
With TEAM at 173.87, 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% |
5.22 |
1.4 |
| 5% |
8.69 |
2.4 |
| 10% |
17.39 |
4.8 |
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 |
| Oct 3 |
177.50 |
5.10 |
19 |
26.8 |
1.10 (0.6%) |
| Oct 10 |
180.00 |
5.30 |
26 |
20.4 |
3.60 (2.1%) |
| 5% Yield On TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Oct 3 |
177.50 |
5.10 |
19 |
26.8 |
1.10 (0.6%) |
| Oct 10 |
180.00 |
5.30 |
26 |
20.4 |
3.60 (2.1%) |
| 10% Yield On TEAM Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Oct 3 |
177.50 |
5.10 |
19 |
26.8 |
1.10 (0.6%) |
| Oct 10 |
180.00 |
5.30 |
26 |
20.4 |
3.60 (2.1%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
