PKX Dividend Type Payments
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 Fri 4:16 PM ET):
| POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th (PKX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 70.01 | 72.00 | 71.60 | +0.56 | 91K | 4.1 | 27B |
PKX Dividend-Like Income Using Covered Calls
With PKX at 71.60, 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% | 2.15 | 0.6 |
| 5% | 3.58 | 1.0 |
| 10% | 7.16 | 2.0 |
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 | |
| May 17 | 75.00 | 0.90 | 22 | 4.1 | 3.00 (4.2%) | |
| Jun 21 | 75.00 | 0.40 | 57 | 0.7 | 3.00 (4.2%) | |
| 5% Yield On PKX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 17 | 75.00 | 0.90 | 22 | 4.1 | 3.00 (4.2%) | |
| Aug 16 | 75.00 | 2.05 | 113 | 1.8 | 3.00 (4.2%) | |
| 10% Yield On PKX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 17 | 75.00 | 0.90 | 22 | 4.1 | 3.00 (4.2%) | |
| Sep 20 | 75.00 | 3.80 | 148 | 2.6 | 3.00 (4.2%) | |
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| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IWM dividend | 6. | EEM dividend | 1. | WOLF dividend | |
| 2. | HYG dividend | 7. | KWEB dividend | 2. | ENVX dividend | |
| 3. | QQQ dividend | 8. | SLV dividend | 3. | FSLY dividend | |
| 4. | SPY dividend | 9. | TSLA dividend | 4. | NOVA dividend | |
| 5. | FXI dividend | 10. | NVDA dividend | 5. | COIN dividend | |
Want more examples? PKW Dividend | PL Dividend
