EXPE Dividend
Although EXPE has a dividend of 0.40 with an ex-dividend date of Aug 28, you can sell covered calls on Expedia Group, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:20 PM ET):
Expedia Group, Inc. (EXPE) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
207.27 | 207.58 | 207.58 | +0.91 | 701K | 25 | 26B |
EXPE Dividend-Like Income Using Covered Calls
With EXPE at 207.58, 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% | 6.23 | 1.7 |
5% | 10.38 | 2.8 |
10% | 20.76 | 5.7 |
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 EXPE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 5 | 207.50 | 5.00 | 18 | 27.3 | 0.00 (0.0%) | |
Sep 12 | 210.00 | 4.90 | 25 | 19.6 | 2.42 (1.2%) |
5% Yield On EXPE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 5 | 207.50 | 5.00 | 18 | 27.3 | 0.00 (0.0%) | |
Sep 12 | 210.00 | 4.90 | 25 | 19.6 | 2.42 (1.2%) |
10% Yield On EXPE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 5 | 207.50 | 5.00 | 18 | 27.3 | 0.00 (0.0%) | |
Sep 12 | 210.00 | 4.90 | 25 | 19.6 | 2.42 (1.2%) |
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Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | ATYR dividend | |
2. | PCG dividend | 7. | FXI dividend | 2. | BHVN dividend | |
3. | IWM dividend | 8. | IBIT dividend | 3. | IREN dividend | |
4. | SPY dividend | 9. | QQQ dividend | 4. | SBET dividend | |
5. | EEM dividend | 10. | KWEB dividend | 5. | QURE dividend |
Want more examples? EXPD Dividend | EXPI Dividend