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 |
22.49 |
22.50 |
22.52 |
+0.81 |
32.8M |
241 |
47B |
PLTR Dividend-Like Income Using Covered Calls
With PLTR at 22.52, 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% |
0.68 |
0.2 |
5% |
1.13 |
0.3 |
10% |
2.25 |
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 PLTR Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 3 |
22.50 |
0.56 |
8 |
7.0 |
0.00 (0.0%) |
May 10 |
22.50 |
1.68 |
15 |
11.2 |
0.00 (0.0%) |
5% Yield On PLTR Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 3 |
22.50 |
0.56 |
8 |
7.0 |
0.00 (0.0%) |
May 10 |
22.50 |
1.68 |
15 |
11.2 |
0.00 (0.0%) |
10% Yield On PLTR Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 3 |
22.50 |
0.56 |
8 |
7.0 |
0.00 (0.0%) |
May 10 |
22.50 |
1.68 |
15 |
11.2 |
0.00 (0.0%) |
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