SREV Dividend Type Payments

ServiceSource Intl, Inc dividend

Although SREV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ServiceSource Intl, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:45 AM ET):

ServiceSource Intl, Inc (SREV)
Bid Ask Last Change Volume P/E Market Cap
0.99 1.00 0.99 -0.03 85K -5.3 0.1B

SREV Dividend-Like Income Using Covered Calls

With SREV at 0.99, here's a table showing how big the annual "dividend" (ie. 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% 0.03 0.0
5% 0.05 0.0
10% 0.10 0.0

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:

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Top 10 Open Interest For Jul 19 Expiration     Top 5 High Yield
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4.QQQ dividend 9.AAPL dividend   4.CRWD dividend
5.IWM dividend 10.EWZ dividend   5.CLF dividend

Want more examples? SRE Dividend | SRG Dividend