RDUS Dividend

Radius Recycling, Inc. - Class A dividend

Although RDUS has a dividend of 0.19 with an ex-dividend date of Jul 21, you can sell covered calls on Radius Recycling, 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 Tue 4:16 PM ET):

Radius Recycling, Inc. - Class A (RDUS)
Bid Ask Last Change Volume P/E Market Cap
29.59 29.80 29.62 -0.07 402K - 0.8B

RDUS Dividend-Like Income Using Covered Calls

With RDUS at 29.62, 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% 0.89 0.2
5% 1.48 0.4
10% 2.96 0.8

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 Jul 18 Expiration     Top 5 High Yield
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Want more examples? RDOG Dividend | RDWR Dividend