ARTNA Dividend

ARTISAN RESOURCE dividend

Although ARTNA has a dividend of 0.24 with an ex-dividend date of Nov 13, you can sell covered calls on ARTISAN RESOURCE to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

ARTISAN RESOURCE (ARTNA)
Bid Ask Last Change Volume P/E Market Cap
33.48 35.74 35.74 +0.26 27K 22 0.3B

ARTNA Dividend-Like Income Using Covered Calls

With ARTNA at 35.74, 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% 1.07 0.3
5% 1.79 0.5
10% 3.57 1.0

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 ARTNA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 40.00 0.30 68 0.4 4.26 (11.9%)
Mar 15 40.00 0.95 152 0.6 4.26 (11.9%)
5% Yield On ARTNA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 40.00 0.95 152 0.6 4.26 (11.9%)

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