DE Dividend Type Payments

Deere & Company dividend

Although DE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Deere & Company 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):

Deere & Company (DE)
Bid Ask Last Change Volume P/E Market Cap
514.64 520.00 514.43 -7.95 1.6M 28 141B

DE Dividend-Like Income Using Covered Calls

With DE at 514.43, 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% 15.43 4.2
5% 25.72 7.0
10% 51.44 14.1

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 DE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 6 517.50 8.85 15 42.3 0.00 (0.0%)
Feb 13 520.00 8.70 22 39.5 0.00 (0.0%)
5% Yield On DE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 6 517.50 8.85 15 42.3 0.00 (0.0%)
Feb 13 520.00 8.70 22 39.5 0.00 (0.0%)
10% Yield On DE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 6 517.50 8.85 15 42.3 0.00 (0.0%)
Feb 13 520.00 8.70 22 39.5 0.00 (0.0%)

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