FIG Dividend Type Payments

Figma, Inc. Class A dividend

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

Figma, Inc. Class A (FIG)
Bid Ask Last Change Volume P/E Market Cap
35.02 35.10 35.08 -0.99 7.2M - 15B

FIG Dividend-Like Income Using Covered Calls

With FIG at 35.08, 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% 1.05 0.3
5% 1.75 0.5
10% 3.51 1.0

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 FIG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 35.00 0.73 5 12.6 0.00 (0.0%)
Dec 26 35.00 1.18 12 9.0 0.00 (0.0%)
5% Yield On FIG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 35.00 0.73 5 12.6 0.00 (0.0%)
Dec 26 35.00 1.18 12 9.0 0.00 (0.0%)
10% Yield On FIG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 35.00 0.73 5 12.6 0.00 (0.0%)
Dec 26 35.00 1.18 12 9.0 0.00 (0.0%)

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