PRTA Dividend Type Payments

PROTHENA CORP PLC ORDIN dividend

Although PRTA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PROTHENA CORP PLC ORDIN to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:00 AM ET):

PROTHENA CORP PLC ORDIN (PRTA)
Bid Ask Last Change Volume P/E Market Cap
12.65 12.72 12.67 -0.31 23K - 0.5B

PRTA Dividend-Like Income Using Covered Calls

With PRTA at 12.67, here's a table showing how big the annual "dividend" (ie. 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% 0.38 0.1
5% 0.63 0.2
10% 1.27 0.3

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 PRTA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 15.00 0.05 26 0.2 2.28 (18.0%)
Dec 21 16.00 0.10 61 0.2 3.28 (25.9%)
5% Yield On PRTA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 15.00 0.05 26 0.2 2.28 (18.0%)
Dec 21 15.00 0.20 61 0.3 2.28 (18.0%)
10% Yield On PRTA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 14.00 0.15 26 0.6 1.28 (10.1%)
Dec 21 14.00 0.45 61 0.7 1.28 (10.1%)

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