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 Tue 4:16 PM ET):
| VNET Group, Inc. - American Depositary Shares (VNET) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 9.34 | 9.39 | 9.36 | -0.01 | 2.0M | 2343 | 3.2B |
VNET Dividend-Like Income Using Covered Calls
With VNET at 9.36, 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% | 0.28 | 0.1 |
| 5% | 0.47 | 0.1 |
| 10% | 0.94 | 0.3 |
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 | |
| Dec 19 | 10.00 | 1.05 | 60 | 1.8 | 0.61 (6.5%) | |
| Nov 21 | 10.00 | 0.80 | 32 | 2.5 | 0.61 (6.5%) | |
| 5% Yield On VNET Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 10.00 | 1.05 | 60 | 1.8 | 0.61 (6.5%) | |
| Nov 21 | 10.00 | 0.80 | 32 | 2.5 | 0.61 (6.5%) | |
| 10% Yield On VNET Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 10.00 | 1.05 | 60 | 1.8 | 0.61 (6.5%) | |
| Nov 21 | 10.00 | 0.80 | 32 | 2.5 | 0.61 (6.5%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KVUE dividend | 6. | HYG dividend | 1. | CIFR dividend | |
| 2. | IBIT dividend | 7. | TLT dividend | 2. | ARCT dividend | |
| 3. | NVDA dividend | 8. | EEM dividend | 3. | INBX dividend | |
| 4. | SLV dividend | 9. | QQQ dividend | 4. | BHVN dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | OSCR dividend | |
Want more examples? VNDA Dividend | VNLA Dividend
