CLUB Dividend Type Payments

TOWN SPORTS INTL HOLDINGS dividend

Although CLUB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on TOWN SPORTS INTL HOLDINGS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

TOWN SPORTS INTL HOLDINGS (CLUB)
Bid Ask Last Change Volume P/E Market Cap
9.40 9.55 9.45 -0.40 121K 27 0.3B

CLUB Dividend-Like Income Using Covered Calls

With CLUB at 9.45, 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% 0.28 0.1
5% 0.47 0.1
10% 0.95 0.3

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 CLUB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 10.00 0.10 5 2.0 0.45 (4.8%)
Sep 21 10.00 0.25 40 0.6 0.45 (4.8%)
5% Yield On CLUB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 10.00 0.10 5 2.0 0.45 (4.8%)
Sep 21 10.00 0.25 40 0.6 0.45 (4.8%)
10% Yield On CLUB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 10.00 0.10 5 2.0 0.45 (4.8%)
Sep 21 10.00 0.25 40 0.6 0.45 (4.8%)

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Want more examples? CLTL Dividend | CLVS Dividend