DOLE Dividend
Although DOLE has a dividend of 0.08 with an ex-dividend date of Mar 20, you can sell covered calls on Dole plc Ordinary Shares 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):
Dole plc Ordinary Shares (DOLE) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
14.02 | 14.62 | 14.32 | +0.22 | 438K | 11 | 0.0B |
DOLE Dividend-Like Income Using Covered Calls
With DOLE at 14.32, 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% | 0.43 | 0.1 |
5% | 0.72 | 0.2 |
10% | 1.43 | 0.4 |
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 DOLE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 15.00 | 0.60 | 155 | 0.4 | 0.38 (2.7%) | |
May 16 | 15.00 | 0.30 | 64 | 0.5 | 0.38 (2.7%) |
5% Yield On DOLE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 15.00 | 0.60 | 155 | 0.4 | 0.38 (2.7%) | |
May 16 | 15.00 | 0.30 | 64 | 0.5 | 0.38 (2.7%) |
10% Yield On DOLE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 15.00 | 0.30 | 64 | 0.5 | 0.38 (2.7%) |
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Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | QBTS dividend | |
2. | SPY dividend | 7. | KWEB dividend | 2. | ZIM dividend | |
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Want more examples? DOL Dividend | DOMO Dividend