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 Fri 4:16 PM ET):

Figma, Inc. Class A (FIG)
Bid Ask Last Change Volume P/E Market Cap
78.31 78.35 78.11 -0.13 7.3M - 0.0B

FIG Dividend-Like Income Using Covered Calls

With FIG at 78.11, 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% 2.34 0.6
5% 3.91 1.1
10% 7.81 2.1

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
Sep 5 100.00 3.80 29 13.1 21.65 (27.7%)
Sep 12 100.00 4.50 36 12.5 21.65 (27.7%)
5% Yield On FIG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 5 100.00 3.80 29 13.1 21.65 (27.7%)
Sep 12 100.00 4.50 36 12.5 21.65 (27.7%)
10% Yield On FIG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 5 100.00 3.80 29 13.1 21.65 (27.7%)
Sep 12 100.00 4.50 36 12.5 21.65 (27.7%)

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