ALBO Dividend Type Payments

Although ALBO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Albireo Pharma, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Albireo Pharma, Inc (ALBO)
Bid Ask Last Change Volume P/E Market Cap
26.05 35.00 31.54 +2.78 76K - 0.3B

ALBO Dividend-Like Income Using Covered Calls

With ALBO at 31.54, here's a table showing how big the annual "dividend" (ie. 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% 0.95 0.3
5% 1.58 0.4
10% 3.15 0.9

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 ALBO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 35.00 0.30 24 1.3 0.00 (0.0%)
May 17 40.00 0.20 53 0.4 5.00 (15.9%)
5% Yield On ALBO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 35.00 0.30 24 1.3 0.00 (0.0%)
May 17 35.00 1.05 53 2.0 0.00 (0.0%)
10% Yield On ALBO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 35.00 0.30 24 1.3 0.00 (0.0%)
May 17 35.00 1.05 53 2.0 0.00 (0.0%)

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Top 10 Open Interest For Apr 18 Expiration     Top 5 High Yield
1.SPY dividend 6.USO dividend   1.LULU dividend
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3.SPX dividend 8.BMY dividend   3.BB dividend
4.QQQ dividend 9.EWZ dividend   4.SPWR dividend
5.FXI dividend 10.IWM dividend   5.ROKU dividend

Want more examples? ALB Dividend | ALD Dividend