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 4:16 PM ET):

EchoStar Corporation - Common stock (SATS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
66.90	67.10	67.22	+3.31	4.4M	-	18B

SATS Dividend-Like Income Using Covered Calls

With SATS at 67.22, 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%	2.02	0.6
5%	3.36	0.9
10%	6.72	1.8

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
Oct 3	67.00	8.10	30	26.7	0.00 (0.0%)
Oct 10	67.00	9.20	37	24.6	0.00 (0.0%)

5% Yield On SATS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	67.00	8.10	30	26.7	0.00 (0.0%)
Oct 10	67.00	9.20	37	24.6	0.00 (0.0%)

10% Yield On SATS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	67.00	8.10	30	26.7	0.00 (0.0%)
Oct 10	67.00	9.20	37	24.6	0.00 (0.0%)

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Want more examples? SAP Dividend | SAVA Dividend