TEAM Dividend Type Payments
Although TEAM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Atlassian Corporation - Class A 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):
Atlassian Corporation - Class A (TEAM) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
190.00 |
200.00 |
193.61 |
-1.46 |
1.1M |
- |
31B |
TEAM Dividend-Like Income Using Covered Calls
With TEAM at 193.61, 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% |
5.81 |
1.6 |
5% |
9.68 |
2.7 |
10% |
19.36 |
5.3 |
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 TEAM Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Apr 26 |
200.00 |
8.50 |
9 |
94.4 |
0.00 (0.0%) |
May 3 |
200.00 |
9.50 |
16 |
59.4 |
0.00 (0.0%) |
5% Yield On TEAM Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Apr 26 |
200.00 |
8.50 |
9 |
94.4 |
0.00 (0.0%) |
May 3 |
200.00 |
9.50 |
16 |
59.4 |
0.00 (0.0%) |
10% Yield On TEAM Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Apr 26 |
200.00 |
8.50 |
9 |
94.4 |
0.00 (0.0%) |
May 3 |
200.00 |
9.50 |
16 |
59.4 |
0.00 (0.0%) |
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