DAVE Dividend Type Payments

Although DAVE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Dave Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:30 AM ET):

Dave Inc. - Class A (DAVE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
232.89	234.24	233.06	-6.26	129K	-	2.9B

DAVE Dividend-Like Income Using Covered Calls

With DAVE at 233.06, here's a table showing how big the annual "dividend" (i.e. 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%	6.99	1.9
5%	11.65	3.2
10%	23.31	6.4

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 DAVE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	240.00	25.70	47	54.7	5.76 (2.5%)
Nov 21	240.00	19.10	19	100.5	5.76 (2.5%)

5% Yield On DAVE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	240.00	25.70	47	54.7	5.76 (2.5%)
Nov 21	240.00	19.10	19	100.5	5.76 (2.5%)

10% Yield On DAVE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	240.00	25.70	47	54.7	5.76 (2.5%)
Nov 21	240.00	19.10	19	100.5	5.76 (2.5%)

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Want more examples? DAT Dividend | DAX Dividend