EQT Dividend Type Payments

EQUITY dividend

Although EQT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on EQUITY to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 1:00 PM ET):

EQUITY (EQT)
Bid Ask Last Change Volume P/E Market Cap
49.67 49.69 49.68 -0.17 1.5M 53 13B

EQT Dividend-Like Income Using Covered Calls

With EQT at 49.68, 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% 1.49 0.4
5% 2.48 0.7
10% 4.97 1.4

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 EQT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 55.00 0.20 36 0.6 5.31 (10.7%)
Dec 21 60.00 0.70 127 0.6 10.31 (20.8%)
5% Yield On EQT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 52.50 0.65 36 1.8 2.81 (5.7%)
Dec 21 57.50 1.10 127 0.9 7.81 (15.7%)
10% Yield On EQT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 52.50 0.65 36 1.8 2.81 (5.7%)
Dec 21 52.50 2.50 127 2.0 2.81 (5.7%)

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Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
1.EEM dividend 6.GE dividend   1.UVXY dividend
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3.SPX dividend 8.FB dividend   3.LB dividend
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5.XLF dividend 10.GDX dividend   5.TSLA dividend

Want more examples? EQR Dividend | EQWL Dividend