NMRK Dividend Type Payments
Although NMRK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Newmark Group, 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 Tue 4:16 PM ET):
| Newmark Group, Inc. - Class A (NMRK) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 10.75 | 14.41 | 12.30 | +0.15 | 1.4M | 32 | 2.2B |
NMRK Dividend-Like Income Using Covered Calls
With NMRK at 12.30, 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% | 0.37 | 0.1 |
| 5% | 0.62 | 0.2 |
| 10% | 1.23 | 0.3 |
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 NMRK Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 15.00 | 0.10 | 81 | 0.1 | 0.59 (4.8%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | STZ dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | IREN dividend | |
| 4. | IWM dividend | 9. | FXI dividend | 4. | CIFR dividend | |
| 5. | TSLA dividend | 10. | QQQ dividend | 5. | IONQ dividend | |
Want more examples? NMR Dividend | NNBR Dividend
