ACCD Dividend Type Payments
Although ACCD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Accolade, Inc. - common stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
Accolade, Inc. - common stock (ACCD) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
7.02 |
7.43 |
7.36 |
-0.27 |
996K |
- |
0.6B |
ACCD Dividend-Like Income Using Covered Calls
With ACCD at 7.36, 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% |
0.22 |
0.1 |
5% |
0.37 |
0.1 |
10% |
0.74 |
0.2 |
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 ACCD Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
7.50 |
0.30 |
17 |
1.8 |
0.07 (1.0%) |
Oct 18 |
12.50 |
0.30 |
171 |
0.2 |
5.07 (68.9%) |
5% Yield On ACCD Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
7.50 |
0.30 |
17 |
1.8 |
0.07 (1.0%) |
Oct 18 |
12.50 |
0.30 |
171 |
0.2 |
5.07 (68.9%) |
10% Yield On ACCD Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
7.50 |
0.30 |
17 |
1.8 |
0.07 (1.0%) |
Oct 18 |
7.50 |
1.35 |
171 |
0.8 |
0.07 (1.0%) |
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