PTVE Dividend

Although PTVE has a dividend of 0.10 with an ex-dividend date of May 31, you can sell covered calls on Pactiv Evergreen Inc. - Common stock 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):

Pactiv Evergreen Inc. - Common stock (PTVE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
13.38	14.00	13.46	+0.01	207K	-	2.4B

PTVE Dividend-Like Income Using Covered Calls

With PTVE at 13.46, 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%	0.40	0.1
5%	0.67	0.2
10%	1.35	0.4

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 PTVE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 16	15.00	0.25	92	0.3	1.00 (7.4%)

5% Yield On PTVE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 16	15.00	0.25	92	0.3	1.00 (7.4%)

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