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 Wed 1:00 PM ET):

ATLASSIAN CORP PLC CL A ORDINARY SHARES (TEAM)
Bid Ask Last Change Volume P/E Market Cap
82.87 83.00 82.95 +0.11 576K - 20B

TEAM Dividend-Like Income Using Covered Calls

With TEAM at 82.95, 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% 2.49 0.7
5% 4.15 1.1
10% 8.30 2.3

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
Oct 19 100.00 0.05 3 1.7 17.00 (20.5%)
Nov 16 110.00 0.25 31 0.8 27.00 (32.5%)
5% Yield On TEAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 100.00 0.05 3 1.7 17.00 (20.5%)
Nov 16 105.00 0.50 31 1.6 22.00 (26.5%)
10% Yield On TEAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 95.00 0.35 3 11.7 12.00 (14.5%)
Nov 16 100.00 0.95 31 3.1 17.00 (20.5%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
1.SPY dividend 6.PBR dividend   1.LLNW dividend
2.SPX dividend 7.MU dividend   2.CLVS dividend
3.QQQ dividend 8.FXI dividend   3.CRON dividend
4.EEM dividend 9.IWM dividend   4.ERIC dividend
5.BAC dividend 10.AMD dividend   5.UVXY dividend

Want more examples? TDY Dividend | TECD Dividend