TTGT Dividend Type Payments

TechTarget, Inc dividend

Although TTGT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on TechTarget, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

TechTarget, Inc (TTGT)
Bid Ask Last Change Volume P/E Market Cap
15.04 16.50 15.62 +0.01 283K 33 0.4B

TTGT Dividend-Like Income Using Covered Calls

With TTGT at 15.62, 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% 0.47 0.1
5% 0.78 0.2
10% 1.56 0.4

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 TTGT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 17.50 0.15 58 0.3 1.00 (6.4%)
Jun 21 20.00 0.30 122 0.2 3.50 (22.4%)
5% Yield On TTGT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 17.50 0.15 58 0.3 1.00 (6.4%)
Jun 21 20.00 0.30 122 0.2 3.50 (22.4%)
10% Yield On TTGT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 17.50 0.85 122 0.7 1.00 (6.4%)
Sep 20 17.50 1.40 213 0.7 1.00 (6.4%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.VIPS dividend
2.EEM dividend 7.GE dividend   2.ROKU dividend
3.SPY dividend 8.BAC dividend   3.FSLR dividend
4.QQQ dividend 9.XOP dividend   4.IQ dividend
5.FXI dividend 10.LLY dividend   5.TTD dividend

Want more examples? TTEK Dividend | TTI Dividend