SIGA Dividend Type Payments

SIGA Technologies Inc. dividend

Although SIGA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SIGA Technologies Inc. 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):

SIGA Technologies Inc. (SIGA)
Bid Ask Last Change Volume P/E Market Cap
6.30 6.65 6.56 +0.12 324K 10 0.5B

SIGA Dividend-Like Income Using Covered Calls

With SIGA at 6.56, 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% 0.20 0.1
5% 0.33 0.1
10% 0.66 0.2

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 SIGA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 7.00 0.25 51 0.5 0.35 (5.3%)
Jul 18 7.00 0.05 23 0.2 0.35 (5.3%)
5% Yield On SIGA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 7.00 0.25 51 0.5 0.35 (5.3%)
Jul 18 7.00 0.05 23 0.2 0.35 (5.3%)
10% Yield On SIGA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 7.00 0.25 51 0.5 0.35 (5.3%)
Jul 18 7.00 0.05 23 0.2 0.35 (5.3%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Jul 18 Expiration     Top 5 High Yield
1.NVDA dividend 6.TSLA dividend   1.COGT dividend
2.SLV dividend 7.IWM dividend   2.CAPR dividend
3.SPY dividend 8.AAPL dividend   3.TDOC dividend
4.GLD dividend 9.FXI dividend   4.CRWV dividend
5.TLT dividend 10.CLSK dividend   5.TEM dividend

Want more examples? SIG Dividend | SIGI Dividend