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 Tue 4:16 PM ET):

ALTERYX INC (AYX)
Bid Ask Last Change Volume P/E Market Cap
41.95 43.29 42.57 +0.24 374K - 2.6B

AYX Dividend-Like Income Using Covered Calls

With AYX at 42.57, 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% 1.28 0.3
5% 2.13 0.6
10% 4.26 1.2

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
Aug 17 55.00 0.15 32 0.5 11.71 (27.5%)
Nov 16 55.00 1.25 123 1.0 11.71 (27.5%)
5% Yield On AYX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 50.00 0.50 32 1.6 6.71 (15.8%)
Nov 16 55.00 1.25 123 1.0 11.71 (27.5%)
10% Yield On AYX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 50.00 0.50 32 1.6 6.71 (15.8%)
Nov 16 50.00 2.40 123 2.0 6.71 (15.8%)

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Top 10 Open Interest For Jul 20 Expiration     Top 5 High Yield
1.SPY dividend 6.EWZ dividend   1.SKX dividend
2.EEM dividend 7.MU dividend   2.CLF dividend
3.XLF dividend 8.T dividend   3.VKTX dividend
4.BAC dividend 9.QQQ dividend   4.IQ dividend
5.SPX dividend 10.VXX dividend   5.EBAY dividend

Want more examples? AYR Dividend | AZN Dividend