ASR Dividend Type Payments
Although ASR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Grupo Aeroportuario del Sureste, S.A. de C.V. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:45 PM ET):
| Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 335.23 | 337.95 | 336.09 | -1.17 | 58K | 148 | 8.6B |
ASR Dividend-Like Income Using Covered Calls
With ASR at 336.09, 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% | 10.08 | 2.8 |
| 5% | 16.80 | 4.6 |
| 10% | 33.61 | 9.2 |
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 ASR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 340.00 | 8.00 | 31 | 25.8 | 2.05 (0.6%) | |
| Dec 19 | 340.00 | 16.70 | 94 | 17.8 | 2.05 (0.6%) | |
| 5% Yield On ASR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 340.00 | 8.00 | 31 | 25.8 | 2.05 (0.6%) | |
| Dec 19 | 340.00 | 16.70 | 94 | 17.8 | 2.05 (0.6%) | |
| 10% Yield On ASR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 340.00 | 8.00 | 31 | 25.8 | 2.05 (0.6%) | |
| Dec 19 | 340.00 | 16.70 | 94 | 17.8 | 2.05 (0.6%) | |
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | CBRL dividend | |
| 2. | SPY dividend | 7. | IBIT dividend | 2. | QURE dividend | |
| 3. | PCG dividend | 8. | IWM dividend | 3. | OPEN dividend | |
| 4. | TSLA dividend | 9. | SLV dividend | 4. | CDTX dividend | |
| 5. | QQQ dividend | 10. | FXI dividend | 5. | DRI dividend | |
Want more examples? ASPN Dividend | ASRT Dividend
