EE Dividend Type Payments

Excelerate Energy, Inc. Class A dividend

Although EE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Excelerate Energy, 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 Wed 4:16 PM ET):

Excelerate Energy, Inc. Class A (EE)
Bid Ask Last Change Volume P/E Market Cap
22.48 23.70 23.69 +0.21 417K 17 1.9B

EE Dividend-Like Income Using Covered Calls

With EE at 23.69, 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% 0.71 0.2
5% 1.18 0.3
10% 2.37 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 EE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 24.00 1.35 59 2.3 0.30 (1.3%)
Sep 19 24.00 0.90 31 2.9 0.30 (1.3%)
5% Yield On EE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 24.00 1.35 59 2.3 0.30 (1.3%)
Sep 19 24.00 0.90 31 2.9 0.30 (1.3%)
10% Yield On EE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 24.00 1.35 59 2.3 0.30 (1.3%)
Sep 19 24.00 0.90 31 2.9 0.30 (1.3%)

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