EVR Dividend Type Payments

Evercore Inc. Class A dividend

Although EVR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Evercore 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 11:25 AM ET):

Evercore Inc. Class A (EVR)
Bid Ask Last Change Volume P/E Market Cap
337.08 338.72 338.09 +1.06 71K 27 13B

EVR Dividend-Like Income Using Covered Calls

With EVR at 338.09, 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% 10.14 2.8
5% 16.90 4.6
10% 33.81 9.3

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 EVR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 340.00 4.10 5 82.0 1.28 (0.4%)
Jan 16 340.00 11.50 33 34.8 1.28 (0.4%)
5% Yield On EVR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 340.00 4.10 5 82.0 1.28 (0.4%)
Jan 16 340.00 11.50 33 34.8 1.28 (0.4%)
10% Yield On EVR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 340.00 4.10 5 82.0 1.28 (0.4%)
Jan 16 340.00 11.50 33 34.8 1.28 (0.4%)

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