ADM Dividend Type Payments

Although ADM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Archer-Daniels-Midland Company 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):

Archer-Daniels-Midland Company (ADM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
58.05	58.69	58.17	-0.05	2.0M	24	28B

ADM Dividend-Like Income Using Covered Calls

With ADM at 58.17, 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%	1.75	0.5
5%	2.91	0.8
10%	5.82	1.6

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 ADM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	60.00	0.40	18	2.2	1.31 (2.3%)
Jun 18	60.00	2.80	171	1.6	1.31 (2.3%)

5% Yield On ADM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	60.00	0.40	18	2.2	1.31 (2.3%)
Jun 18	60.00	2.80	171	1.6	1.31 (2.3%)

10% Yield On ADM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	60.00	0.40	18	2.2	1.31 (2.3%)
Jun 18	60.00	2.80	171	1.6	1.31 (2.3%)

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Want more examples? ADI Dividend | ADMA Dividend