ANET Dividend Type Payments
Although ANET has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Arista Networks, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 12:20 PM ET):
| Arista Networks, Inc. (ANET) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 135.40 | 135.57 | 135.52 | +6.85 | 3.3M | 49 | 162B |
ANET Dividend-Like Income Using Covered Calls
With ANET at 135.52, 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% | 4.07 | 1.1 |
| 5% | 6.78 | 1.9 |
| 10% | 13.55 | 3.7 |
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 ANET Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 6 | 135.00 | 9.35 | 29 | 30.3 | 0.00 (0.0%) | |
| Feb 13 | 135.00 | 7.40 | 8 | 85.4 | 0.00 (0.0%) | |
| 5% Yield On ANET Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 6 | 135.00 | 9.35 | 29 | 30.3 | 0.00 (0.0%) | |
| Feb 13 | 135.00 | 7.40 | 8 | 85.4 | 0.00 (0.0%) | |
| 10% Yield On ANET Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 6 | 135.00 | 9.35 | 29 | 30.3 | 0.00 (0.0%) | |
| Feb 13 | 135.00 | 7.40 | 8 | 85.4 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | QUBT dividend | |
| 2. | KWEB dividend | 7. | SPY dividend | 2. | RBLX dividend | |
| 3. | NVDA dividend | 8. | EWZ dividend | 3. | CLSK dividend | |
| 4. | IBIT dividend | 9. | TLT dividend | 4. | ONDS dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | OPEN dividend | |
Want more examples? ANDE Dividend | ANEW Dividend
