PKX Dividend Type Payments

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th dividend

Although PKX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th (PKX)
Bid Ask Last Change Volume P/E Market Cap
45.00 47.80 46.46 +0.29 110K 5.6 17B

PKX Dividend-Like Income Using Covered Calls

With PKX at 46.46, 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% 1.39 0.4
5% 2.32 0.6
10% 4.65 1.3

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 PKX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 50.00 1.15 103 1.1 2.20 (4.7%)
Nov 21 50.00 1.25 201 0.6 2.20 (4.7%)
5% Yield On PKX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 50.00 1.15 103 1.1 2.20 (4.7%)

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