PPBT Dividend Type Payments
Although PPBT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Purple Biotech Ltd. - American Depositary Shares 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):
| Purple Biotech Ltd. - American Depositary Shares (PPBT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 0.59 | 0.62 | 0.61 | +0.02 | 354K | - | 0.0B |
PPBT Dividend-Like Income Using Covered Calls
With PPBT at 0.61, 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% | 0.02 | 0.0 |
| 5% | 0.03 | 0.0 |
| 10% | 0.06 | 0.0 |
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:
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | ARCT dividend | |
| 2. | IBIT dividend | 7. | INTC dividend | 2. | NVTS dividend | |
| 3. | GLD dividend | 8. | QQQ dividend | 3. | HIVE dividend | |
| 4. | SPY dividend | 9. | IWM dividend | 4. | AAOI dividend | |
| 5. | SLV dividend | 10. | AMZN dividend | 5. | BTBT dividend | |
Want more examples? PPA Dividend | PPC Dividend
