JKS Dividend
Although JKS has a dividend of 1.30 with an ex-dividend date of Jul 2, you can sell covered calls on JinkoSolar Holding Company Limited American Depositary Shares (each repr to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:10 PM ET):
| JinkoSolar Holding Company Limited American Depositary Shares (each repr (JKS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 18.88 | 18.94 | 18.91 | -1.18 | 483K | - | 0.0B |
JKS Dividend-Like Income Using Covered Calls
With JKS at 18.91, 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% | 0.57 | 0.2 |
| 5% | 0.95 | 0.3 |
| 10% | 1.89 | 0.5 |
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 JKS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 18 | 20.00 | 0.60 | 32 | 1.9 | 1.06 (5.6%) | |
| Sep 19 | 20.00 | 1.20 | 95 | 1.3 | 1.06 (5.6%) | |
| 5% Yield On JKS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 18 | 20.00 | 0.60 | 32 | 1.9 | 1.06 (5.6%) | |
| Sep 19 | 20.00 | 1.20 | 95 | 1.3 | 1.06 (5.6%) | |
| 10% Yield On JKS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 18 | 20.00 | 0.60 | 32 | 1.9 | 1.06 (5.6%) | |
| Sep 19 | 20.00 | 1.20 | 95 | 1.3 | 1.06 (5.6%) | |
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| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | ALT dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | GES dividend | |
| 3. | QQQ dividend | 8. | TLT dividend | 3. | CAPR dividend | |
| 4. | TSLA dividend | 9. | AAPL dividend | 4. | QUBT dividend | |
| 5. | SLV dividend | 10. | INTC dividend | 5. | COGT dividend | |
Want more examples? JKHY Dividend | JLL Dividend
