ACI Dividend Type Payments
Although ACI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Albertsons Companies, Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| Albertsons Companies, Inc. Class A (ACI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 21.49 | 22.40 | 21.93 | -0.06 | 2.7M | 13 | 13B |
ACI Dividend-Like Income Using Covered Calls
With ACI at 21.93, 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% | 0.66 | 0.2 |
| 5% | 1.10 | 0.3 |
| 10% | 2.19 | 0.6 |
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 ACI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 23.00 | 0.20 | 30 | 0.7 | 0.60 (2.7%) | |
| Aug 8 | 23.00 | 0.25 | 37 | 0.7 | 0.60 (2.7%) | |
| 5% Yield On ACI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 23.00 | 0.20 | 30 | 0.7 | 0.60 (2.7%) | |
| Aug 8 | 23.00 | 0.25 | 37 | 0.7 | 0.60 (2.7%) | |
| 10% Yield On ACI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 23.00 | 0.20 | 30 | 0.7 | 0.60 (2.7%) | |
| Aug 8 | 23.00 | 0.25 | 37 | 0.7 | 0.60 (2.7%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | QUBT dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | COGT dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | IONQ dividend | |
| 4. | IWM dividend | 9. | IBIT dividend | 4. | TMC dividend | |
| 5. | TSLA dividend | 10. | QQQ dividend | 5. | SMMT dividend | |
Want more examples? ACHC Dividend | ACIU Dividend
