S Dividend Type Payments
Although S has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SentinelOne, 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 Thu 4:16 PM ET):
| SentinelOne, Inc. Class A (S) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 19.47 | 19.68 | 19.47 | -0.02 | 7.0M | - | 6.5B |
S Dividend-Like Income Using Covered Calls
With S at 19.47, 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% | 0.58 | 0.2 |
| 5% | 0.97 | 0.3 |
| 10% | 1.95 | 0.5 |
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 S Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 20.00 | 0.40 | 9 | 4.4 | 0.32 (1.6%) | |
| Aug 8 | 20.00 | 0.65 | 16 | 4.1 | 0.32 (1.6%) | |
| 5% Yield On S Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 20.00 | 0.40 | 9 | 4.4 | 0.32 (1.6%) | |
| Aug 8 | 20.00 | 0.65 | 16 | 4.1 | 0.32 (1.6%) | |
| 10% Yield On S Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 20.00 | 0.40 | 9 | 4.4 | 0.32 (1.6%) | |
| Aug 8 | 20.00 | 0.65 | 16 | 4.1 | 0.32 (1.6%) | |
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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. | RDDT dividend | |
| 3. | GLD dividend | 8. | AMZN dividend | 3. | AUR dividend | |
| 4. | IWM dividend | 9. | AAPL dividend | 4. | CELC dividend | |
| 5. | SPY dividend | 10. | QQQ dividend | 5. | RCAT dividend | |
Want more examples? RZV Dividend | SA Dividend
