RYAAY Dividend Type Payments
Although RYAAY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ryanair Holdings plc - American Depositary Shares, each representing fiv 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):
| Ryanair Holdings plc - American Depositary Shares, each representing fiv (RYAAY) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 62.04 | 63.90 | 63.79 | +1.17 | 3.1M | 28 | 46B |
RYAAY Dividend-Like Income Using Covered Calls
With RYAAY at 63.79, 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% | 1.91 | 0.5 |
| 5% | 3.19 | 0.9 |
| 10% | 6.38 | 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 RYAAY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 65.00 | 0.80 | 22 | 3.6 | 1.10 (1.7%) | |
| Sep 19 | 65.00 | 1.75 | 57 | 3.1 | 1.10 (1.7%) | |
| 5% Yield On RYAAY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 65.00 | 0.80 | 22 | 3.6 | 1.10 (1.7%) | |
| Sep 19 | 65.00 | 1.75 | 57 | 3.1 | 1.10 (1.7%) | |
| 10% Yield On RYAAY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 65.00 | 0.80 | 22 | 3.6 | 1.10 (1.7%) | |
| Sep 19 | 65.00 | 1.75 | 57 | 3.1 | 1.10 (1.7%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | IBIT dividend | 1. | EOSE dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | NET dividend | |
| 3. | GLD dividend | 8. | AMZN dividend | 3. | CVNA dividend | |
| 4. | IWM dividend | 9. | QQQ dividend | 4. | AAOI dividend | |
| 5. | SPY dividend | 10. | AAPL dividend | 5. | RKT dividend | |
Want more examples? RY Dividend | RYAM Dividend
