ACEL Dividend Type Payments
Although ACEL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Accel Entertainment, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:40 AM ET):
| Accel Entertainment, Inc. (ACEL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 11.15 | 11.17 | 11.16 | +0.08 | 69K | 22 | 0.9B |
ACEL Dividend-Like Income Using Covered Calls
With ACEL at 11.16, 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% | 0.33 | 0.1 |
| 5% | 0.56 | 0.2 |
| 10% | 1.12 | 0.3 |
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 ACEL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 17 | 12.50 | 0.20 | 211 | 0.1 | 1.33 (11.9%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | STAA dividend | |
| 2. | INTC dividend | 7. | NIO dividend | 2. | OMER dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | TMC dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | ULCC dividend | |
| 5. | SLV dividend | 10. | ASST dividend | 5. | CTMX dividend | |
Want more examples? ACCO Dividend | ACES Dividend
