DKS Dividend Type Payments
Although DKS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Dick's Sporting Goods Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 1:25 PM ET):
| Dick's Sporting Goods Inc (DKS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 201.35 | 201.50 | 201.50 | +1.69 | 666K | 16 | 18B |
DKS Dividend-Like Income Using Covered Calls
With DKS at 201.50, 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% | 6.05 | 1.7 |
| 5% | 10.08 | 2.8 |
| 10% | 20.15 | 5.5 |
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 DKS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 20 | 210.00 | 1.60 | 10 | 16.0 | 8.50 (4.2%) | |
| Mar 20 | 210.00 | 9.30 | 38 | 24.5 | 8.50 (4.2%) | |
| 5% Yield On DKS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 20 | 210.00 | 1.60 | 10 | 16.0 | 8.50 (4.2%) | |
| Mar 20 | 210.00 | 9.30 | 38 | 24.5 | 8.50 (4.2%) | |
| 10% Yield On DKS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 20 | 210.00 | 1.60 | 10 | 16.0 | 8.50 (4.2%) | |
| Mar 20 | 210.00 | 9.30 | 38 | 24.5 | 8.50 (4.2%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | RIVN dividend | |
| 2. | NVDA dividend | 7. | SPY dividend | 2. | APP dividend | |
| 3. | KWEB dividend | 8. | EWZ dividend | 3. | PINS dividend | |
| 4. | GLD dividend | 9. | TLT dividend | 4. | AAP dividend | |
| 5. | IBIT dividend | 10. | INTC dividend | 5. | DKNG dividend | |
Want more examples? DKNG Dividend | DLB Dividend
