EVLV Dividend Type Payments
Although EVLV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Evolv Technologies Holdings, 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 Thu 1:10 PM ET):
| Evolv Technologies Holdings, Inc. - Class A (EVLV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 7.22 | 7.23 | 7.22 | -0.26 | 1.6M | - | 1.2B |
EVLV Dividend-Like Income Using Covered Calls
With EVLV at 7.22, 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% | 0.22 | 0.1 |
| 5% | 0.36 | 0.1 |
| 10% | 0.72 | 0.2 |
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 EVLV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 8.00 | 0.45 | 65 | 0.7 | 0.77 (10.7%) | |
| Sep 19 | 8.00 | 0.35 | 37 | 0.9 | 0.77 (10.7%) | |
| 5% Yield On EVLV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 8.00 | 0.45 | 65 | 0.7 | 0.77 (10.7%) | |
| Sep 19 | 8.00 | 0.35 | 37 | 0.9 | 0.77 (10.7%) | |
| 10% Yield On EVLV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 8.00 | 0.45 | 65 | 0.7 | 0.77 (10.7%) | |
| Sep 19 | 8.00 | 0.35 | 37 | 0.9 | 0.77 (10.7%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | SGML dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | EVLV dividend | |
| 3. | SPY dividend | 8. | IBIT dividend | 3. | CODI dividend | |
| 4. | TSLA dividend | 9. | AMZN dividend | 4. | RCAT dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | NNE dividend | |
Want more examples? EVH Dividend | EVR Dividend
