SPOK Dividend Type Payments

Spok Holdings, Inc. dividend

Although SPOK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Spok Holdings, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Spok Holdings, Inc. (SPOK)
Bid Ask Last Change Volume P/E Market Cap
15.99 16.63 16.30 -0.19 56K 21 0.3B

SPOK Dividend-Like Income Using Covered Calls

With SPOK at 16.30, 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% 0.49 0.1
5% 0.82 0.2
10% 1.63 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 SPOK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 17.50 0.05 36 0.1 0.87 (5.3%)
Jan 16 17.50 0.55 218 0.3 0.87 (5.3%)
5% Yield On SPOK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 17.50 0.55 218 0.3 0.87 (5.3%)

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