SATS Dividend Type Payments

Although SATS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on EchoStar Corporation - Common stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 12:10 PM ET):

EchoStar Corporation - Common stock (SATS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
15.77	15.79	15.78	-0.10	358K	-	4.3B

SATS Dividend-Like Income Using Covered Calls

With SATS at 15.78, 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%	0.47	0.1
5%	0.79	0.2
10%	1.58	0.4

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 SATS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	17.50	0.55	23	2.4	1.71 (10.8%)
Jun 21	17.50	1.06	58	1.8	1.71 (10.8%)

5% Yield On SATS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	17.50	0.55	23	2.4	1.71 (10.8%)
Jun 21	17.50	1.06	58	1.8	1.71 (10.8%)

10% Yield On SATS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	17.50	0.55	23	2.4	1.71 (10.8%)
Jun 21	17.50	1.06	58	1.8	1.71 (10.8%)

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