SIRI Dividend

Although SIRI has a dividend of 0.27 with an ex-dividend date of Feb 11, you can sell covered calls on SiriusXM Holdings Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 9:45 AM ET):

SiriusXM Holdings Inc. (SIRI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
21.47	21.49	21.48	-0.20	525K	10	7.3B

SIRI Dividend-Like Income Using Covered Calls

With SIRI at 21.48, 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%	0.64	0.2
5%	1.07	0.3
10%	2.15	0.6

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 SIRI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 13	21.50	0.25	5	5.0	0.01 (0.0%)
Feb 20	21.50	0.22	12	1.8	0.01 (0.0%)

5% Yield On SIRI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 13	21.50	0.25	5	5.0	0.01 (0.0%)
Feb 20	21.50	0.22	12	1.8	0.01 (0.0%)

10% Yield On SIRI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 13	21.50	0.25	5	5.0	0.01 (0.0%)
Feb 20	21.50	0.22	12	1.8	0.01 (0.0%)

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Top 10 Open Interest For Feb 20 Expiration				Top 5 High Yield
1.	SLV dividend	6.	QQQ dividend	1.	OCUL dividend
2.	NVDA dividend	7.	SPY dividend	2.	RIVN dividend
3.	KWEB dividend	8.	EWZ dividend	3.	PINS dividend
4.	IBIT dividend	9.	TLT dividend	4.	IREN dividend
5.	GLD dividend	10.	CORZ dividend	5.	CRML dividend

Want more examples? SIMS Dividend | SITC Dividend