TIGR Dividend Type Payments
Although TIGR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on UP Fintech Holding Limited - American Depositary Shares representing fif to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:45 PM ET):
| UP Fintech Holding Limited - American Depositary Shares representing fif (TIGR) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 8.89 |
8.90 |
8.89 |
+0.08 |
1.7M |
205 |
0.1B |
TIGR Dividend-Like Income Using Covered Calls
With TIGR at 8.89, 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% |
0.27 |
0.1 |
| 5% |
0.44 |
0.1 |
| 10% |
0.89 |
0.2 |
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 TIGR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
10.00 |
0.01 |
4 |
0.3 |
1.10 (12.4%) |
| Dec 26 |
10.00 |
0.04 |
11 |
0.4 |
1.10 (12.4%) |
| 5% Yield On TIGR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
10.00 |
0.01 |
4 |
0.3 |
1.10 (12.4%) |
| Dec 26 |
10.00 |
0.04 |
11 |
0.4 |
1.10 (12.4%) |
| 10% Yield On TIGR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
10.00 |
0.01 |
4 |
0.3 |
1.10 (12.4%) |
| Dec 26 |
10.00 |
0.04 |
11 |
0.4 |
1.10 (12.4%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
