FOX Dividend Type Payments

Fox Corporation - Class B dividend

Although FOX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Fox Corporation - Class B 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):

Fox Corporation - Class B (FOX)
Bid Ask Last Change Volume P/E Market Cap
58.00 60.31 59.14 +0.49 1.1M - 26B

FOX Dividend-Like Income Using Covered Calls

With FOX at 59.14, 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% 1.77 0.5
5% 2.96 0.8
10% 5.91 1.6

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 FOX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 65.00 0.60 57 1.1 4.69 (7.9%)
Jul 17 65.00 1.50 239 0.6 4.69 (7.9%)
5% Yield On FOX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 65.00 0.60 57 1.1 4.69 (7.9%)

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