AAU Dividend Type Payments


Although AAU has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ALMADEN MINERALS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:20 AM ET):

Bid Ask Last Change Volume P/E Market Cap
0.74 0.74 0.74 +0.01 24K - 0.1B

AAU Dividend-Like Income Using Covered Calls

With AAU at 0.74, here's a table showing how big the annual "dividend" (ie. 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% 0.07 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:

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Top 10 Open Interest For Jun 15 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.CHK dividend
2.EEM dividend 7.BAC dividend   2.UVXY dividend
3.SPX dividend 8.HYG dividend   3.GPS dividend
4.GE dividend 9.IWM dividend   4.TXMD dividend
5.XLF dividend 10.EFA dividend   5.URBN dividend

Want more examples? AAT Dividend | AAV Dividend