AMCX Dividend Type Payments
Although AMCX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AMC Networks 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):
AMC Networks Inc. - Class A (AMCX) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
9.98 | 10.80 | 10.60 | +0.35 | 606K | 2.0 | 0.4B |
AMCX Dividend-Like Income Using Covered Calls
With AMCX at 10.60, 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% | 0.32 | 0.1 |
5% | 0.53 | 0.1 |
10% | 1.06 | 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 AMCX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 12.50 | 0.20 | 30 | 0.7 | 1.70 (16.0%) | |
Jun 21 | 12.50 | 0.50 | 65 | 0.8 | 1.70 (16.0%) |
5% Yield On AMCX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 12.50 | 0.20 | 30 | 0.7 | 1.70 (16.0%) | |
Jun 21 | 12.50 | 0.50 | 65 | 0.8 | 1.70 (16.0%) |
10% Yield On AMCX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 12.50 | 0.20 | 30 | 0.7 | 1.70 (16.0%) | |
Jun 21 | 12.50 | 0.50 | 65 | 0.8 | 1.70 (16.0%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | HYG dividend | 6. | KWEB dividend | 1. | VNDA dividend | |
2. | IWM dividend | 7. | EEM dividend | 2. | CVNA dividend | |
3. | FXI dividend | 8. | SLV dividend | 3. | DJT dividend | |
4. | SPY dividend | 9. | TSLA dividend | 4. | MPW dividend | |
5. | QQQ dividend | 10. | EWZ dividend | 5. | UPST dividend |
Want more examples? AMCR Dividend | AMD Dividend