AROW Dividend Type Payments

Arrow Financial Corporation dividend

Although AROW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Arrow Financial Corporation 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):

Arrow Financial Corporation (AROW)
Bid Ask Last Change Volume P/E Market Cap
27.30 28.62 27.64 +0.25 37K 14 0.5B

AROW Dividend-Like Income Using Covered Calls

With AROW at 27.64, 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% 0.83 0.2
5% 1.38 0.4
10% 2.76 0.8

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 AROW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 30.00 0.60 242 0.2 1.38 (5.0%)
Jun 20 30.00 0.75 151 0.5 1.38 (5.0%)
5% Yield On AROW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 30.00 0.75 151 0.5 1.38 (5.0%)

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

 
 
Top 10 Open Interest For Feb 21 Expiration     Top 5 High Yield
1.NVDA dividend 6.SLV dividend   1.QUBT dividend
2.TLT dividend 7.TSLA dividend   2.RGTI dividend
3.SPY dividend 8.AMZN dividend   3.MSTR dividend
4.IWM dividend 9.ASHR dividend   4.QBTS dividend
5.FXI dividend 10.AAPL dividend   5.MBLY dividend

Want more examples? AROC Dividend | ARP Dividend