TCX Dividend Type Payments

Although TCX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on TUCOWS INC CL A 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):

TUCOWS INC CL A COMMON STOCK (TCX)
Bid Ask Last Change Volume P/E Market Cap
49.00 55.00 55.00 -0.35 71K 27 0.6B

TCX Dividend-Like Income Using Covered Calls

With TCX at 55.00, 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% 1.65 0.5
5% 2.75 0.8
10% 5.50 1.5

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 TCX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 55.00 1.35 37 3.6 0.00 (0.0%)
Nov 16 60.00 0.65 93 0.7 5.00 (9.1%)
5% Yield On TCX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 55.00 1.35 37 3.6 0.00 (0.0%)
Nov 16 55.00 2.50 93 2.7 0.00 (0.0%)
10% Yield On TCX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 55.00 1.35 37 3.6 0.00 (0.0%)
Nov 16 55.00 2.50 93 2.7 0.00 (0.0%)

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Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
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Want more examples? TCS Dividend | TD Dividend