VEON Dividend Type Payments
Although VEON has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on VEON Ltd. - American Depositary Shares 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):
| VEON Ltd. - American Depositary Shares (VEON) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 50.11 |
54.00 |
52.45 |
-0.65 |
48K |
148 |
3.5B |
VEON Dividend-Like Income Using Covered Calls
With VEON at 52.45, 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% |
1.57 |
0.4 |
| 5% |
2.62 |
0.7 |
| 10% |
5.25 |
1.4 |
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 VEON Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 16 |
55.00 |
0.70 |
31 |
2.3 |
1.00 (1.9%) |
| Mar 20 |
55.00 |
4.60 |
94 |
4.9 |
1.00 (1.9%) |
| 5% Yield On VEON Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 16 |
55.00 |
0.70 |
31 |
2.3 |
1.00 (1.9%) |
| Mar 20 |
55.00 |
4.60 |
94 |
4.9 |
1.00 (1.9%) |
| 10% Yield On VEON Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 16 |
55.00 |
0.70 |
31 |
2.3 |
1.00 (1.9%) |
| Mar 20 |
55.00 |
4.60 |
94 |
4.9 |
1.00 (1.9%) |
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