AIZ Dividend Type Payments

Assurant, Inc. dividend

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 Tue 2:25 PM ET):

Assurant, Inc. (AIZ)
Bid Ask Last Change Volume P/E Market Cap
205.09 205.42 205.16 -3.33 120K 15 11B

AIZ Dividend-Like Income Using Covered Calls

With AIZ at 205.16, 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% 6.15 1.7
5% 10.26 2.8
10% 20.52 5.6

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
Oct 17 210.00 2.55 32 8.0 4.58 (2.2%)
Dec 19 210.00 6.30 95 6.6 4.58 (2.2%)
5% Yield On AIZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 210.00 2.55 32 8.0 4.58 (2.2%)
Dec 19 210.00 6.30 95 6.6 4.58 (2.2%)
10% Yield On AIZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 210.00 2.55 32 8.0 4.58 (2.2%)
Dec 19 210.00 6.30 95 6.6 4.58 (2.2%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Sep 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.AIV dividend
2.SPY dividend 7.QQQ dividend   2.QURE dividend
3.PCG dividend 8.IWM dividend   3.OPEN dividend
4.TSLA dividend 9.SLV dividend   4.LDI dividend
5.IBIT dividend 10.FXI dividend   5.ARCT dividend

Want more examples? AIV Dividend | AJG Dividend