PINC Dividend Type Payments
Although PINC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Premier, 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 Wed 4:16 PM ET):
Premier, Inc. - Class A (PINC) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
20.50 | 21.22 | 20.64 | -0.06 | 1.0M | 15 | 3.5B |
PINC Dividend-Like Income Using Covered Calls
With PINC at 20.64, 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% | 0.62 | 0.2 |
5% | 1.03 | 0.3 |
10% | 2.06 | 0.6 |
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 PINC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 22.50 | 0.10 | 31 | 0.3 | 1.28 (6.2%) | |
Jun 21 | 22.50 | 0.40 | 66 | 0.6 | 1.28 (6.2%) |
5% Yield On PINC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 22.50 | 0.10 | 31 | 0.3 | 1.28 (6.2%) | |
Jun 21 | 22.50 | 0.40 | 66 | 0.6 | 1.28 (6.2%) |
10% Yield On PINC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jun 21 | 22.50 | 0.40 | 66 | 0.6 | 1.28 (6.2%) |
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Top 10 Open Interest For Apr 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | SPY dividend | 6. | TLT dividend | 1. | INFY dividend | |
2. | IWM dividend | 7. | FXI dividend | 2. | DJT dividend | |
3. | QQQ dividend | 8. | AAPL dividend | 3. | CVNA dividend | |
4. | TSLA dividend | 9. | HYG dividend | 4. | FSLY dividend | |
5. | SLV dividend | 10. | NVDA dividend | 5. | EYPT dividend |
Want more examples? PIN Dividend | PINS Dividend