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 Thu 10:10 AM ET):
| Assurant, Inc. (AIZ) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 193.33 | 193.81 | 193.60 | +1.82 | 40K | 15 | 10B |
AIZ Dividend-Like Income Using Covered Calls
With AIZ at 193.60, 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% | 5.81 | 1.6 |
| 5% | 9.68 | 2.7 |
| 10% | 19.36 | 5.3 |
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 | |
| Aug 15 | 195.00 | 4.10 | 44 | 9.3 | 1.19 (0.6%) | |
| Jul 18 | 195.00 | 0.65 | 16 | 4.1 | 1.19 (0.6%) | |
| 5% Yield On AIZ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 195.00 | 4.10 | 44 | 9.3 | 1.19 (0.6%) | |
| Jul 18 | 195.00 | 0.65 | 16 | 4.1 | 1.19 (0.6%) | |
| 10% Yield On AIZ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 195.00 | 4.10 | 44 | 9.3 | 1.19 (0.6%) | |
| Sep 19 | 195.00 | 6.00 | 79 | 7.6 | 1.19 (0.6%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | IREN dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | HUT dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | COGT dividend | |
| 4. | IWM dividend | 9. | IBIT dividend | 4. | TEM dividend | |
| 5. | TSLA dividend | 10. | QQQ dividend | 5. | CRWV dividend | |
Want more examples? AIV Dividend | AJG Dividend
