TTWO Dividend Type Payments

Take-Two Interactive Software, Inc dividend

Although TTWO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Take-Two Interactive Software, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:45 AM ET):

Take-Two Interactive Software, Inc (TTWO)
Bid Ask Last Change Volume P/E Market Cap
96.29 96.33 96.30 +2.47 477K 29 11B

TTWO Dividend-Like Income Using Covered Calls

With TTWO at 96.30, 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% 2.89 0.8
5% 4.82 1.3
10% 9.63 2.6

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 TTWO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 22 105.00 0.10 4 2.5 8.67 (9.0%)
Mar 29 110.00 0.15 11 1.4 13.67 (14.2%)
5% Yield On TTWO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 22 105.00 0.10 4 2.5 8.67 (9.0%)
Mar 29 110.00 0.15 11 1.4 13.67 (14.2%)
10% Yield On TTWO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 22 103.00 0.15 4 3.8 6.67 (6.9%)
Mar 29 106.00 0.30 11 2.7 9.67 (10.0%)

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