TROX Dividend Type Payments
Although TROX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Tronox Holdings plc Ordinary Shares (UK) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
Tronox Holdings plc Ordinary Shares (UK) (TROX) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
13.25 | 19.75 | 19.21 | +0.49 | 948K | - | 2.9B |
TROX Dividend-Like Income Using Covered Calls
With TROX at 19.21, 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% | 0.58 | 0.2 |
5% | 0.96 | 0.3 |
10% | 1.92 | 0.5 |
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 TROX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 16 | 23.00 | 0.35 | 102 | 0.3 | 3.25 (16.9%) | |
Dec 20 | 25.00 | 0.70 | 228 | 0.3 | 5.25 (27.3%) |
5% Yield On TROX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 16 | 23.00 | 0.35 | 102 | 0.3 | 3.25 (16.9%) | |
Dec 20 | 25.00 | 0.70 | 228 | 0.3 | 5.25 (27.3%) |
10% Yield On TROX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jun 21 | 20.00 | 0.55 | 46 | 1.2 | 0.25 (1.3%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | EEM dividend | 1. | RIVN dividend | |
2. | QQQ dividend | 7. | TSLA dividend | 2. | AFRM dividend | |
3. | SPY dividend | 8. | SLV dividend | 3. | UPST dividend | |
4. | HYG dividend | 9. | TLT dividend | 4. | TWLO dividend | |
5. | FXI dividend | 10. | NVDA dividend | 5. | U dividend |
Want more examples? TROW Dividend | TRP Dividend