PLTR Dividend Type Payments
Although PLTR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Palantir Technologies 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):
| Palantir Technologies Inc. Class A (PLTR) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 124.11 |
124.12 |
124.28 |
+8.08 |
101M |
612 |
273B |
PLTR Dividend-Like Income Using Covered Calls
With PLTR at 124.28, 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% |
3.73 |
1.0 |
| 5% |
6.21 |
1.7 |
| 10% |
12.43 |
3.4 |
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 PLTR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jun 6 |
124.00 |
12.70 |
36 |
34.9 |
0.00 (0.0%) |
| May 9 |
124.00 |
8.95 |
8 |
110.4 |
0.00 (0.0%) |
| 5% Yield On PLTR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jun 6 |
124.00 |
12.70 |
36 |
34.9 |
0.00 (0.0%) |
| May 9 |
124.00 |
8.95 |
8 |
110.4 |
0.00 (0.0%) |
| 10% Yield On PLTR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jun 6 |
124.00 |
12.70 |
36 |
34.9 |
0.00 (0.0%) |
| May 9 |
124.00 |
8.95 |
8 |
110.4 |
0.00 (0.0%) |
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