AYI Dividend

Although AYI has a dividend of 0.17 with an ex-dividend date of Jul 18, you can sell covered calls on Acuity Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Acuity Inc. (AYI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
288.59	319.51	303.34	-0.84	677K	23	9.3B

AYI Dividend-Like Income Using Covered Calls

With AYI at 303.34, 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%	9.10	2.5
5%	15.17	4.2
10%	30.33	8.3

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 AYI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	320.00	4.00	50	8.0	0.49 (0.2%)
Oct 17	320.00	12.70	113	11.2	0.49 (0.2%)

5% Yield On AYI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	320.00	4.00	50	8.0	0.49 (0.2%)
Oct 17	320.00	12.70	113	11.2	0.49 (0.2%)

10% Yield On AYI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	320.00	12.70	113	11.2	0.49 (0.2%)
Nov 21	320.00	14.80	148	10.0	0.49 (0.2%)

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Top 10 Open Interest For Jul 18 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	COGT dividend
2.	SLV dividend	7.	TSLA dividend	2.	ENPH dividend
3.	SPY dividend	8.	AAPL dividend	3.	SERV dividend
4.	GLD dividend	9.	FXI dividend	4.	CRWV dividend
5.	TLT dividend	10.	CLSK dividend	5.	RCAT dividend

Want more examples? AXTI Dividend | AZEK Dividend