WIFI Dividend Type Payments

Boingo Wireless, Inc dividend

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

Boingo Wireless, Inc (WIFI)
Bid Ask Last Change Volume P/E Market Cap
21.89 26.00 22.02 -0.13 667K - 1.0B

WIFI Dividend-Like Income Using Covered Calls

With WIFI at 22.02, here's a table showing how big the annual "dividend" (ie. 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% 0.66 0.2
5% 1.10 0.3
10% 2.20 0.6

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 WIFI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 27.00 0.25 57 0.4 1.00 (4.5%)
Aug 16 31.00 0.30 148 0.2 5.00 (22.7%)
5% Yield On WIFI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 27.00 0.25 57 0.4 1.00 (4.5%)
Aug 16 29.00 0.50 148 0.3 3.00 (13.6%)
10% Yield On WIFI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 26.00 0.35 57 0.6 0.00 (0.0%)
Aug 16 26.00 1.05 148 0.7 0.00 (0.0%)

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