ADCT Dividend Type Payments
Although ADCT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ADC Therapeutics SA Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:25 AM ET):
| ADC Therapeutics SA Common Shares (ADCT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.64 | 2.65 | 2.64 | 0.00 | 150K | - | 0.3B |
ADCT Dividend-Like Income Using Covered Calls
With ADCT at 2.64, 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% | 0.08 | 0.0 |
| 5% | 0.13 | 0.0 |
| 10% | 0.26 | 0.1 |
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 Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | MBX dividend | |
| 2. | SLV dividend | 7. | TSLA dividend | 2. | RKLB dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | CORZ dividend | |
| 4. | IWM dividend | 9. | INTC dividend | 4. | CAPR dividend | |
| 5. | IBIT dividend | 10. | QQQ dividend | 5. | MP dividend | |
Want more examples? ADC Dividend | ADI Dividend
