ASAN Dividend Type Payments
Although ASAN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Asana, 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 Fri 4:16 PM ET):
| Asana, Inc. Class A (ASAN) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 15.73 |
15.99 |
15.72 |
+0.09 |
2.2M |
- |
3.5B |
ASAN Dividend-Like Income Using Covered Calls
With ASAN at 15.72, 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% |
0.47 |
0.1 |
| 5% |
0.79 |
0.2 |
| 10% |
1.57 |
0.4 |
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 ASAN Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jun 7 |
16.00 |
1.20 |
36 |
3.3 |
0.01 (0.1%) |
| May 10 |
16.00 |
0.25 |
8 |
3.1 |
0.01 (0.1%) |
| 5% Yield On ASAN Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jun 7 |
16.00 |
1.20 |
36 |
3.3 |
0.01 (0.1%) |
| May 10 |
16.00 |
0.25 |
8 |
3.1 |
0.01 (0.1%) |
| 10% Yield On ASAN Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jun 7 |
16.00 |
1.20 |
36 |
3.3 |
0.01 (0.1%) |
| May 10 |
16.00 |
0.25 |
8 |
3.1 |
0.01 (0.1%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
