EXE Dividend

Expand Energy Corporation dividend

Although EXE has a dividend of 0.58 with an ex-dividend date of Nov 13, you can sell covered calls on Expand Energy Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Expand Energy Corporation (EXE)
Bid Ask Last Change Volume P/E Market Cap
110.15 113.69 110.05 0.00 2.7M 36 26B

EXE Dividend-Like Income Using Covered Calls

With EXE at 110.05, 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% 3.30 0.9
5% 5.50 1.5
10% 11.01 3.0

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 EXE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 115.00 2.52 45 5.6 1.31 (1.2%)
Nov 21 115.00 0.82 17 4.8 1.31 (1.2%)
5% Yield On EXE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 115.00 2.52 45 5.6 1.31 (1.2%)
Nov 21 115.00 0.82 17 4.8 1.31 (1.2%)
10% Yield On EXE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 115.00 2.52 45 5.6 1.31 (1.2%)
Nov 21 115.00 0.82 17 4.8 1.31 (1.2%)

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Want more examples? EXC Dividend | EXEL Dividend