RRR Dividend Type Payments

Although RRR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Red Rock Resorts, 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 Wed 9:50 AM ET):

Red Rock Resorts, Inc. - Class A (RRR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
51.27	51.98	51.62	-0.30	23K	20	5.5B

RRR Dividend-Like Income Using Covered Calls

With RRR at 51.62, 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%	1.55	0.4
5%	2.58	0.7
10%	5.16	1.4

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 RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	54.00	2.25	115	2.0	2.02 (3.9%)
Jul 18	54.00	0.30	24	1.3	2.02 (3.9%)

5% Yield On RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	54.00	2.25	115	2.0	2.02 (3.9%)
Jul 18	54.00	0.30	24	1.3	2.02 (3.9%)

10% Yield On RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	54.00	2.25	115	2.0	2.02 (3.9%)
Jan 16	55.00	3.60	206	1.7	3.02 (5.9%)

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Want more examples? RRGB Dividend | RS Dividend