RYAAY Dividend Type Payments
Although RYAAY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ryanair Holdings to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| Ryanair Holdings (RYAAY) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 71.00 | 74.19 | 72.66 | +0.97 | 312K | - | 7.2B |
RYAAY Dividend-Like Income Using Covered Calls
With RYAAY at 72.66, here's a table showing how big the annual "dividend" (ie. 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% | 2.18 | 0.6 |
| 5% | 3.63 | 1.0 |
| 10% | 7.27 | 2.0 |
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 | |
| Apr 18 | 75.00 | 0.95 | 24 | 4.0 | 0.81 (1.1%) | |
| May 17 | 80.00 | 0.55 | 53 | 1.0 | 5.81 (8.0%) | |
| 5% Yield On RYAAY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 18 | 75.00 | 0.95 | 24 | 4.0 | 0.81 (1.1%) | |
| May 17 | 80.00 | 0.55 | 53 | 1.0 | 5.81 (8.0%) | |
| 10% Yield On RYAAY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 18 | 75.00 | 0.95 | 24 | 4.0 | 0.81 (1.1%) | |
| May 17 | 75.00 | 1.85 | 53 | 3.5 | 0.81 (1.1%) | |
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| Top 10 Open Interest For Apr 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | USO dividend | 1. | LULU dividend | |
| 2. | EEM dividend | 7. | AAPL dividend | 2. | NBEV dividend | |
| 3. | SPX dividend | 8. | BMY dividend | 3. | BB dividend | |
| 4. | QQQ dividend | 9. | EWZ dividend | 4. | SPWR dividend | |
| 5. | FXI dividend | 10. | IWM dividend | 5. | ROKU dividend | |
Want more examples? RY Dividend | RYAM Dividend
