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 Mon 9:50 AM ET):

Red Rock Resorts, Inc. - Class A (RRR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
60.70	60.92	60.81	-0.16	12K	19	6.5B

RRR Dividend-Like Income Using Covered Calls

With RRR at 60.81, 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%	1.82	0.5
5%	3.04	0.8
10%	6.08	1.7

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 RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	65.00	3.00	152	2.0	4.08 (6.7%)
Jan 16	65.00	0.25	33	0.8	4.08 (6.7%)

5% Yield On RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	65.00	3.00	152	2.0	4.08 (6.7%)
Apr 17	65.00	2.40	124	1.9	4.08 (6.7%)

10% Yield On RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	65.00	3.00	152	2.0	4.08 (6.7%)
Apr 17	65.00	2.40	124	1.9	4.08 (6.7%)

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Want more examples? RRGB Dividend | RS Dividend