PAGP Dividend Type Payments
Although PAGP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Plains GP Holdings, L.P. - Class A Shares representing limited partner i 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):
| Plains GP Holdings, L.P. - Class A Shares representing limited partner i (PAGP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 17.67 | 17.97 | 17.74 | -0.50 | 1.6M | 22 | 3.6B |
PAGP Dividend-Like Income Using Covered Calls
With PAGP at 17.74, 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% | 0.53 | 0.1 |
| 5% | 0.89 | 0.2 |
| 10% | 1.77 | 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 PAGP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 18.00 | 0.65 | 99 | 0.7 | 0.03 (0.2%) | |
| May 16 | 18.00 | 0.05 | 8 | 0.6 | 0.03 (0.2%) | |
| 5% Yield On PAGP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 18.00 | 0.65 | 99 | 0.7 | 0.03 (0.2%) | |
| May 16 | 18.00 | 0.05 | 8 | 0.6 | 0.03 (0.2%) | |
| 10% Yield On PAGP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 18.00 | 0.65 | 99 | 0.7 | 0.03 (0.2%) | |
| May 16 | 18.00 | 0.05 | 8 | 0.6 | 0.03 (0.2%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | ALT dividend | |
| 2. | SPY dividend | 7. | TSLA dividend | 2. | VALE dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | AUPH dividend | |
| 4. | QQQ dividend | 9. | GLD dividend | 4. | HE dividend | |
| 5. | IWM dividend | 10. | INTC dividend | 5. | NMAX dividend | |
Want more examples? PAG Dividend | PAGS Dividend
