VNET Dividend Type Payments
Although VNET has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on VNET Group, Inc. - 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 Thu 4:16 PM ET):
VNET Group, Inc. - American Depositary Shares (VNET) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
1.46 | 1.58 | 1.47 | 0.00 | 471K | - | 0.5B |
VNET Dividend-Like Income Using Covered Calls
With VNET at 1.47, 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% | 0.04 | 0.0 |
5% | 0.07 | 0.0 |
10% | 0.15 | 0.0 |
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 VNET Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jun 21 | 2.00 | 0.05 | 65 | 0.1 | 0.42 (28.6%) | |
Sep 20 | 2.00 | 0.20 | 156 | 0.1 | 0.42 (28.6%) |
5% Yield On VNET Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jun 21 | 2.00 | 0.05 | 65 | 0.1 | 0.42 (28.6%) | |
Sep 20 | 2.00 | 0.20 | 156 | 0.1 | 0.42 (28.6%) |
10% Yield On VNET Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jun 21 | 2.00 | 0.05 | 65 | 0.1 | 0.42 (28.6%) | |
Sep 20 | 2.00 | 0.20 | 156 | 0.1 | 0.42 (28.6%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | HYG dividend | 6. | KWEB dividend | 1. | VNDA dividend | |
2. | IWM dividend | 7. | EEM dividend | 2. | CVNA dividend | |
3. | FXI dividend | 8. | SLV dividend | 3. | DJT dividend | |
4. | SPY dividend | 9. | TSLA dividend | 4. | MPW dividend | |
5. | QQQ dividend | 10. | EWZ dividend | 5. | UPST dividend |
Want more examples? VNDA Dividend | VNLA Dividend