TEAM Dividend Type Payments

Although TEAM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ATLASSIAN CORP PLC CL A ORDINARY SHARES to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

ATLASSIAN CORP PLC CL A ORDINARY SHARES (TEAM)
Bid Ask Last Change Volume P/E Market Cap
78.00 79.91 78.23 +0.16 761K - 18B

TEAM Dividend-Like Income Using Covered Calls

With TEAM at 78.23, 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% 2.35 0.6
5% 3.91 1.1
10% 7.82 2.1

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
Aug 17 80.00 0.45 5 9.0 0.09 (0.1%)
Sep 21 90.00 0.30 40 0.8 10.09 (12.9%)
5% Yield On TEAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 80.00 0.45 5 9.0 0.09 (0.1%)
Sep 21 85.00 0.95 40 2.4 5.09 (6.5%)
10% Yield On TEAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 80.00 0.45 5 9.0 0.09 (0.1%)
Sep 21 85.00 0.95 40 2.4 5.09 (6.5%)

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