XNET Dividend Type Payments

Although XNET has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Xunlei Limited - 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 Mon 4:16 PM ET):

Xunlei Limited - American Depositary Shares (XNET)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
8.62	9.48	8.71	-0.20	215K	-	0.0B

XNET Dividend-Like Income Using Covered Calls

With XNET at 8.71, 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%	0.26	0.1
5%	0.44	0.1
10%	0.87	0.2

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 XNET Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	10.00	0.10	47	0.2	0.52 (6.0%)
Nov 21	10.00	0.15	19	0.8	0.52 (6.0%)

5% Yield On XNET Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	10.00	0.10	47	0.2	0.52 (6.0%)
Nov 21	10.00	0.15	19	0.8	0.52 (6.0%)

10% Yield On XNET Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	11.00	0.20	47	0.4	1.52 (17.5%)
Nov 21	10.00	0.15	19	0.8	0.52 (6.0%)

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Want more examples? XNCR Dividend | XNTK Dividend