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 |
53.24 | 60.00 | 57.18 | +1.31 | 911K | 36 | 41B |
RYAAY Dividend-Like Income Using Covered Calls
With RYAAY at 57.18, 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% | 1.72 | 0.5 |
5% | 2.86 | 0.8 |
10% | 5.72 | 1.6 |
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 | |
Jul 18 | 60.00 | 1.15 | 43 | 2.7 | 0.00 (0.0%) | |
Sep 19 | 60.00 | 2.40 | 106 | 2.3 | 0.00 (0.0%) |
5% Yield On RYAAY Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 18 | 60.00 | 1.15 | 43 | 2.7 | 0.00 (0.0%) | |
Sep 19 | 60.00 | 2.40 | 106 | 2.3 | 0.00 (0.0%) |
10% Yield On RYAAY Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 18 | 60.00 | 1.15 | 43 | 2.7 | 0.00 (0.0%) | |
Sep 19 | 60.00 | 2.40 | 106 | 2.3 | 0.00 (0.0%) |
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Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IWM dividend | 1. | APP dividend | |
2. | SPY dividend | 7. | EEM dividend | 2. | APLD dividend | |
3. | SLV dividend | 8. | TSLA dividend | 3. | SFIX dividend | |
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5. | GLD dividend | 10. | TLT dividend | 5. | SERV dividend |
Want more examples? RY Dividend | RYAM Dividend