RYAAY Dividend Type Payments

Ryanair Holdings plc - American Depositary Shares, each representing fiv dividend

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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