AIZ Dividend Type Payments

Although AIZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Assurant, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:45 AM ET):

Assurant, Inc. (AIZ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
240.90	241.73	241.12	-0.13	69K	15	12B

AIZ Dividend-Like Income Using Covered Calls

With AIZ at 241.12, 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%	7.23	2.0
5%	12.06	3.3
10%	24.11	6.6

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 AIZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	250.00	8.60	177	4.9	8.27 (3.4%)
Feb 20	250.00	1.50	59	2.5	8.27 (3.4%)

5% Yield On AIZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	250.00	8.60	177	4.9	8.27 (3.4%)
Mar 20	250.00	3.00	87	3.4	8.27 (3.4%)

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