UA Dividend Type Payments

Under Armour, Inc. Class C dividend

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

Under Armour, Inc. Class C (UA)
Bid Ask Last Change Volume P/E Market Cap
6.39 6.45 6.40 +0.21 2.7M - 2.6B

UA Dividend-Like Income Using Covered Calls

With UA at 6.40, 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% 0.19 0.1
5% 0.32 0.1
10% 0.64 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 UA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 7.50 0.05 12 0.4 1.05 (16.4%)
Oct 17 7.50 0.15 75 0.2 1.05 (16.4%)
5% Yield On UA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 7.50 0.05 12 0.4 1.05 (16.4%)
Oct 17 7.50 0.15 75 0.2 1.05 (16.4%)
10% Yield On UA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 7.50 0.05 12 0.4 1.05 (16.4%)
Oct 17 7.50 0.15 75 0.2 1.05 (16.4%)

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