PJT Dividend Type Payments
Although PJT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PJT Partners 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 Fri 4:16 PM ET):
PJT Partners Inc. Class A (PJT) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
166.42 | 188.37 | 175.90 | -2.73 | 267K | 31 | 4.4B |
PJT Dividend-Like Income Using Covered Calls
With PJT at 175.90, 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% | 5.28 | 1.4 |
5% | 8.80 | 2.4 |
10% | 17.59 | 4.8 |
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 PJT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 19 | 190.00 | 5.50 | 162 | 3.4 | 1.63 (0.9%) | |
Nov 21 | 190.00 | 4.40 | 134 | 3.3 | 1.63 (0.9%) |
5% Yield On PJT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 19 | 190.00 | 5.50 | 162 | 3.4 | 1.63 (0.9%) | |
Nov 21 | 190.00 | 4.40 | 134 | 3.3 | 1.63 (0.9%) |
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Want more examples? PJP Dividend | PK Dividend