RNG Dividend Type Payments

Although RNG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on RingCentral, 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 Fri 4:16 PM ET):

RingCentral, Inc. Class A (RNG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
24.50	28.00	27.29	+1.17	2.2M	187	2.3B

RNG Dividend-Like Income Using Covered Calls

With RNG at 27.29, 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%	0.82	0.2
5%	1.36	0.4
10%	2.73	0.7

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 RNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	28.00	0.45	15	3.0	0.00 (0.0%)
Dec 12	28.00	0.70	22	3.2	0.00 (0.0%)

5% Yield On RNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	28.00	0.45	15	3.0	0.00 (0.0%)
Dec 12	28.00	0.70	22	3.2	0.00 (0.0%)

10% Yield On RNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	28.00	0.45	15	3.0	0.00 (0.0%)
Dec 12	28.00	0.70	22	3.2	0.00 (0.0%)

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Want more examples? RNA Dividend | RNR Dividend