AYX Dividend Type Payments

Although AYX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alteryx, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 2:45 PM ET):

Alteryx, Inc (AYX)
Bid Ask Last Change Volume P/E Market Cap
86.55 86.63 86.58 +0.15 592K 201 5.4B

AYX Dividend-Like Income Using Covered Calls

With AYX at 86.58, 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% 2.60 0.7
5% 4.33 1.2
10% 8.66 2.4

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 AYX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 115.00 0.20 23 0.9 28.37 (32.8%)
Jun 21 115.00 0.70 58 1.2 28.37 (32.8%)
5% Yield On AYX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 110.00 0.40 23 1.7 23.37 (27.0%)
Jun 21 115.00 0.70 58 1.2 28.37 (32.8%)
10% Yield On AYX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 105.00 0.75 23 3.3 18.37 (21.2%)
Jun 21 105.00 1.70 58 2.9 18.37 (21.2%)

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Top 10 Open Interest For May 17 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.GRUB dividend
2.COTY dividend 7.BAC dividend   2.MAT dividend
3.EEM dividend 8.XOP dividend   3.JNPR dividend
4.FXI dividend 9.EWZ dividend   4.F dividend
5.SPX dividend 10.VXXB dividend   5.INTC dividend

Want more examples? AYR Dividend | AZN Dividend