ATR Dividend Type Payments
Although ATR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AptarGroup, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:30 AM ET):
| AptarGroup, Inc. (ATR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 151.04 | 151.44 | 151.29 | +0.37 | 34K | 27 | 10B |
ATR Dividend-Like Income Using Covered Calls
With ATR at 151.29, 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% | 4.54 | 1.2 |
| 5% | 7.56 | 2.1 |
| 10% | 15.13 | 4.1 |
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 ATR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 155.00 | 4.00 | 101 | 4.0 | 3.56 (2.4%) | |
| Jun 20 | 155.00 | 0.65 | 45 | 1.4 | 3.56 (2.4%) | |
| 5% Yield On ATR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 155.00 | 4.00 | 101 | 4.0 | 3.56 (2.4%) | |
| Nov 21 | 155.00 | 7.50 | 199 | 3.8 | 3.56 (2.4%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | APP dividend | |
| 2. | SPY dividend | 7. | FXI dividend | 2. | IONQ dividend | |
| 3. | TLT dividend | 8. | TSLA dividend | 3. | PINS dividend | |
| 4. | QQQ dividend | 9. | GLD dividend | 4. | LYFT dividend | |
| 5. | SLV dividend | 10. | INTC dividend | 5. | CAR dividend | |
Want more examples? ATOS Dividend | ATRC Dividend
