ACI Dividend

Although ACI has a dividend of 0.15 with an ex-dividend date of Jul 25, you can sell covered calls on Albertsons Companies, 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 Wed 4:16 PM ET):

Albertsons Companies, Inc. Class A (ACI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
20.59	20.88	20.80	+0.23	4.7M	13	12B

ACI Dividend-Like Income Using Covered Calls

With ACI at 20.80, 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%	0.62	0.2
5%	1.04	0.3
10%	2.08	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 ACI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 8	21.00	0.15	17	0.9	0.12 (0.6%)
Aug 15	21.50	0.10	24	0.4	0.62 (3.0%)

5% Yield On ACI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 8	21.00	0.15	17	0.9	0.12 (0.6%)
Aug 15	21.50	0.10	24	0.4	0.62 (3.0%)

10% Yield On ACI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 8	21.00	0.15	17	0.9	0.12 (0.6%)
Oct 17	21.00	0.90	87	1.0	0.12 (0.6%)

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Top 10 Open Interest For Aug 15 Expiration				Top 5 High Yield
1.	SLV dividend	6.	IBIT dividend	1.	EOSE dividend
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3.	GLD dividend	8.	TSLA dividend	3.	CHTR dividend
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5.	SPY dividend	10.	QQQ dividend	5.	RDDT dividend

Want more examples? ACHC Dividend | ACIU Dividend