AYR Dividend

AIRCASTLE dividend

Although AYR has a dividend of 0.30 with an ex-dividend date of Nov 29, you can sell covered calls on AIRCASTLE 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):

AIRCASTLE (AYR)
Bid Ask Last Change Volume P/E Market Cap
18.00 21.02 19.20 -0.06 294K 7.6 1.5B

AYR Dividend-Like Income Using Covered Calls

With AYR at 19.20, 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% 0.58 0.2
5% 0.96 0.3
10% 1.92 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:

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

 
Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.SPY dividend 6.FXI dividend   1.WSM dividend
2.SPX dividend 7.IWM dividend   2.NVDA dividend
3.EEM dividend 8.PBR dividend   3.AMAT dividend
4.EWZ dividend 9.F dividend   4.AMRN dividend
5.QQQ dividend 10.BAC dividend   5.AMD dividend

Want more examples? AYI Dividend | AYX Dividend