VIRT Dividend Type Payments
Although VIRT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Virtu Financial, Inc. Class A 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):
| Virtu Financial, Inc. Class A (VIRT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 32.67 | 34.02 | 33.38 | -0.33 | 1.3M | 7.3 | 5.2B |
VIRT Dividend-Like Income Using Covered Calls
With VIRT at 33.38, 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% | 1.00 | 0.3 |
| 5% | 1.67 | 0.5 |
| 10% | 3.34 | 0.9 |
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 VIRT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 34.00 | 0.20 | 5 | 3.6 | 0.00 (0.0%) | |
| Jan 16 | 34.00 | 0.20 | 33 | 0.5 | 0.00 (0.0%) | |
| 5% Yield On VIRT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 34.00 | 0.20 | 5 | 3.6 | 0.00 (0.0%) | |
| Jan 16 | 34.00 | 0.20 | 33 | 0.5 | 0.00 (0.0%) | |
| 10% Yield On VIRT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 34.00 | 0.20 | 5 | 3.6 | 0.00 (0.0%) | |
| Mar 20 | 34.00 | 1.60 | 96 | 1.6 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | NKTR dividend | |
| 2. | SPY dividend | 7. | TLT dividend | 2. | TE dividend | |
| 3. | IBIT dividend | 8. | TSLA dividend | 3. | HUT dividend | |
| 4. | IWM dividend | 9. | SLV dividend | 4. | TLRY dividend | |
| 5. | QQQ dividend | 10. | NFLX dividend | 5. | BHVN dividend | |
Want more examples? VIR Dividend | VIS Dividend
