AYR Dividend Type Payments

Aircastle dividend

Although AYR has no upcoming (meaning, Board-approved and announced) dividends, 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 Wed 11:35 AM ET):

Aircastle (AYR)
Bid Ask Last Change Volume P/E Market Cap
20.11 20.12 20.11 +0.22 231K 6.3 1.5B

AYR Dividend-Like Income Using Covered Calls

With AYR at 20.11, 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% 0.60 0.2
5% 1.01 0.3
10% 2.01 0.6

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 AYR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 19 22.50 0.20 87 0.2 2.38 (11.8%)
Oct 18 22.50 0.40 178 0.2 2.38 (11.8%)

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Top 10 Open Interest For May 17 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.CLF dividend
2.COTY dividend 7.BAC dividend   2.TSLA dividend
3.EEM dividend 8.EWZ dividend   3.GRUB dividend
4.FXI dividend 9.XOP dividend   4.FB dividend
5.SPX dividend 10.XLF dividend   5.ITCI dividend

Want more examples? AYI Dividend | AYX Dividend