COTY Dividend Type Payments

Coty Inc. Class A dividend

Although COTY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Coty Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:20 PM ET):

Coty Inc. Class A (COTY)
Bid Ask Last Change Volume P/E Market Cap
2.53 2.54 2.54 -0.12 11.3M - 4.6B

COTY Dividend-Like Income Using Covered Calls

With COTY at 2.54, 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% 0.08 0.0
5% 0.13 0.0
10% 0.25 0.1

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 COTY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 3.00 0.05 40 0.1 0.46 (18.1%)
May 15 3.00 0.15 96 0.2 0.46 (18.1%)
5% Yield On COTY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 3.00 0.05 40 0.1 0.46 (18.1%)
May 15 3.00 0.15 96 0.2 0.46 (18.1%)
10% Yield On COTY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 3.00 0.05 40 0.1 0.46 (18.1%)
May 15 3.00 0.15 96 0.2 0.46 (18.1%)

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