PARR Dividend Type Payments

Although PARR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Par Pacific Holdings, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:45 AM ET):

Par Pacific Holdings, Inc (PARR)
Bid Ask Last Change Volume P/E Market Cap
17.10 17.13 17.13 +0.03 15K 18 0.8B

PARR Dividend-Like Income Using Covered Calls

With PARR at 17.13, here's a table showing how big the annual "dividend" (ie. 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% 0.51 0.1
5% 0.86 0.2
10% 1.71 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 PARR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 17.50 0.40 22 1.8 0.37 (2.2%)
Apr 18 17.50 0.65 56 1.2 0.37 (2.2%)
5% Yield On PARR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 17.50 0.40 22 1.8 0.37 (2.2%)
Apr 18 17.50 0.65 56 1.2 0.37 (2.2%)
10% Yield On PARR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 17.50 0.40 22 1.8 0.37 (2.2%)
Apr 18 17.50 0.65 56 1.2 0.37 (2.2%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.CRON dividend
2.EEM dividend 7.GE dividend   2.AMRN dividend
3.SPY dividend 8.LLY dividend   3.PCG dividend
4.QQQ dividend 9.BAC dividend   4.ROKU dividend
5.FXI dividend 10.GLD dividend   5.FIT dividend

Want more examples? PANW Dividend | PATK Dividend