AVD Dividend Type Payments

AMERICAN VANGUARD dividend

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

AMERICAN VANGUARD (AVD)
Bid Ask Last Change Volume P/E Market Cap
19.65 22.20 19.70 +0.35 52K 25 0.6B

AVD Dividend-Like Income Using Covered Calls

With AVD at 19.70, 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% 0.59 0.2
5% 0.99 0.3
10% 1.97 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 AVD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 22.50 0.40 93 0.4 0.30 (1.5%)
Feb 15 22.50 0.75 184 0.4 0.30 (1.5%)
5% Yield On AVD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 22.50 0.40 93 0.4 0.30 (1.5%)
Feb 15 22.50 0.75 184 0.4 0.30 (1.5%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
1.SPY dividend 6.XLF dividend   1.AMAT dividend
2.EEM dividend 7.FB dividend   2.NVDA dividend
3.QQQ dividend 8.FXI dividend   3.UVXY dividend
4.BAC dividend 9.GLD dividend   4.DE dividend
5.SPX dividend 10.AABA dividend   5.AKRX dividend

Want more examples? AVB Dividend | AVDL Dividend