WIMI Dividend Type Payments
Although WIMI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on WiMi Hologram Cloud Inc. - American Depositary Share to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:10 AM ET):
| WiMi Hologram Cloud Inc. - American Depositary Share (WIMI) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 0.79 |
0.79 |
0.79 |
-0.10 |
5.6M |
- |
0.0B |
WIMI Dividend-Like Income Using Covered Calls
With WIMI at 0.79, 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% |
0.02 |
0.0 |
| 5% |
0.04 |
0.0 |
| 10% |
0.08 |
0.0 |
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 WIMI Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
1.00 |
0.30 |
172 |
0.2 |
0.21 (26.6%) |
| May 16 |
1.00 |
0.15 |
81 |
0.2 |
0.21 (26.6%) |
| 5% Yield On WIMI Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
1.00 |
0.30 |
172 |
0.2 |
0.21 (26.6%) |
| May 16 |
1.00 |
0.15 |
81 |
0.2 |
0.21 (26.6%) |
| 10% Yield On WIMI Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
1.00 |
0.30 |
172 |
0.2 |
0.21 (26.6%) |
| May 16 |
1.00 |
0.15 |
81 |
0.2 |
0.21 (26.6%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
