ANGI Dividend Type Payments

Angi Inc. - Class A dividend

Although ANGI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Angi 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):

Angi Inc. - Class A (ANGI)
Bid Ask Last Change Volume P/E Market Cap
16.00 18.00 16.74 +0.38 621K 15 7.6B

ANGI Dividend-Like Income Using Covered Calls

With ANGI at 16.74, 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% 0.50 0.1
5% 0.84 0.2
10% 1.67 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:

3% Yield On ANGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 20.00 0.45 44 1.0 2.00 (11.9%)
Dec 19 20.00 1.45 170 0.9 2.00 (11.9%)
5% Yield On ANGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 20.00 0.45 44 1.0 2.00 (11.9%)
Dec 19 20.00 1.45 170 0.9 2.00 (11.9%)
10% Yield On ANGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 20.00 0.45 44 1.0 2.00 (11.9%)
Dec 19 20.00 1.45 170 0.9 2.00 (11.9%)

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