AMCX Dividend Type Payments

AMC Networks Inc. - Class A dividend

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 Wed 10:35 AM ET):

AMC Networks Inc. - Class A (AMCX)
Bid Ask Last Change Volume P/E Market Cap
7.45 7.47 7.46 -0.22 53K - 0.3B

AMCX Dividend-Like Income Using Covered Calls

With AMCX at 7.46, 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% 0.22 0.1
5% 0.37 0.1
10% 0.75 0.2

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
Feb 20 7.50 0.30 10 3.0 0.03 (0.4%)
Mar 20 7.50 0.75 38 2.0 0.03 (0.4%)
5% Yield On AMCX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 7.50 0.30 10 3.0 0.03 (0.4%)
Mar 20 7.50 0.75 38 2.0 0.03 (0.4%)
10% Yield On AMCX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 7.50 0.30 10 3.0 0.03 (0.4%)
Mar 20 7.50 0.75 38 2.0 0.03 (0.4%)

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