PHX Dividend Type Payments

Panhandle Oil & Gas, Inc dividend

Although PHX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Panhandle Oil & Gas, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Panhandle Oil & Gas, Inc (PHX)
Bid Ask Last Change Volume P/E Market Cap
16.38 16.39 16.38 +0.21 26K 21 0.3B

PHX Dividend-Like Income Using Covered Calls

With PHX at 16.38, 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% 0.49 0.1
5% 0.82 0.2
10% 1.64 0.4

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 PHX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 17.50 0.15 59 0.3 1.11 (6.8%)
5% Yield On PHX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 17.50 0.15 59 0.3 1.11 (6.8%)

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