AFYA Dividend Type Payments
Although AFYA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Afya Limited - Class A Common Shares 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):
| Afya Limited - Class A Common Shares (AFYA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 16.91 | 17.92 | 17.42 | +0.14 | 80K | - | 1.6B |
AFYA Dividend-Like Income Using Covered Calls
With AFYA at 17.42, 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% | 0.52 | 0.1 |
| 5% | 0.87 | 0.2 |
| 10% | 1.74 | 0.5 |
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 May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IWM dividend | 6. | EEM dividend | 1. | COIN dividend | |
| 2. | QQQ dividend | 7. | KWEB dividend | 2. | DKNG dividend | |
| 3. | HYG dividend | 8. | TSLA dividend | 3. | FTNT dividend | |
| 4. | SPY dividend | 9. | SLV dividend | 4. | EXPE dividend | |
| 5. | FXI dividend | 10. | AMZN dividend | 5. | RKT dividend | |
Want more examples? AFTY Dividend | AG Dividend
