RGC Dividend Type Payments
Although RGC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Regencell Bioscience Holdings Limited - Ordinary Shares 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):
Regencell Bioscience Holdings Limited - Ordinary Shares (RGC) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
12.90 | 13.10 | 13.12 | +0.42 | 148K | - | 6.1B |
RGC Dividend-Like Income Using Covered Calls
With RGC at 13.12, 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% | 0.39 | 0.1 |
5% | 0.66 | 0.2 |
10% | 1.31 | 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 RGC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 15.00 | 0.60 | 64 | 0.9 | 1.90 (14.5%) | |
Sep 19 | 15.00 | 0.95 | 36 | 2.6 | 1.90 (14.5%) |
5% Yield On RGC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 15.00 | 0.60 | 64 | 0.9 | 1.90 (14.5%) | |
Sep 19 | 15.00 | 0.95 | 36 | 2.6 | 1.90 (14.5%) |
10% Yield On RGC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 15.00 | 0.60 | 64 | 0.9 | 1.90 (14.5%) | |
Sep 19 | 15.00 | 0.95 | 36 | 2.6 | 1.90 (14.5%) |
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Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | ATYR dividend | |
2. | PCG dividend | 7. | FXI dividend | 2. | IREN dividend | |
3. | IWM dividend | 8. | QQQ dividend | 3. | KSS dividend | |
4. | EEM dividend | 9. | IBIT dividend | 4. | VKTX dividend | |
5. | SPY dividend | 10. | KWEB dividend | 5. | BBAI dividend |
Want more examples? RGA Dividend | RGEN Dividend