NEWP Dividend Type Payments
Although NEWP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on New Pacific Metals Corp. Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| New Pacific Metals Corp. Common Shares (NEWP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.80 | 2.97 | 2.87 | +0.14 | 1.4M | - | 0.2B |
NEWP Dividend-Like Income Using Covered Calls
With NEWP at 2.87, 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% | 0.09 | 0.0 |
| 5% | 0.14 | 0.0 |
| 10% | 0.29 | 0.1 |
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 NEWP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 5.00 | 0.10 | 93 | 0.1 | 2.03 (70.7%) | |
| Apr 17 | 5.00 | 0.20 | 184 | 0.1 | 2.03 (70.7%) | |
| 5% Yield On NEWP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 5.00 | 0.10 | 93 | 0.1 | 2.03 (70.7%) | |
| Apr 17 | 5.00 | 0.20 | 184 | 0.1 | 2.03 (70.7%) | |
| 10% Yield On NEWP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 5.00 | 0.10 | 93 | 0.1 | 2.03 (70.7%) | |
| Apr 17 | 5.00 | 0.20 | 184 | 0.1 | 2.03 (70.7%) | |
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | INTC dividend | 1. | DBRG dividend | |
| 2. | IBIT dividend | 7. | QQQ dividend | 2. | CRML dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | PSO dividend | |
| 4. | GLD dividend | 9. | AMD dividend | 4. | ARCT dividend | |
| 5. | TSLA dividend | 10. | SLV dividend | 5. | ABAT dividend | |
Want more examples? NEU Dividend | NEWT Dividend
