FOXF Dividend Type Payments
Although FOXF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Fox Factory Holding Corp. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:20 AM ET):
| Fox Factory Holding Corp. (FOXF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 36.06 | 36.26 | 36.16 | +0.18 | 35K | 138 | 1.5B |
FOXF Dividend-Like Income Using Covered Calls
With FOXF at 36.16, 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% | 1.08 | 0.3 |
| 5% | 1.81 | 0.5 |
| 10% | 3.62 | 1.0 |
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 FOXF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 45.00 | 0.15 | 44 | 0.3 | 8.74 (24.2%) | |
| Oct 17 | 40.00 | 6.40 | 345 | 1.9 | 3.74 (10.3%) | |
| 5% Yield On FOXF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 40.00 | 6.40 | 345 | 1.9 | 3.74 (10.3%) | |
| Jun 20 | 40.00 | 5.30 | 226 | 2.3 | 3.74 (10.3%) | |
| 10% Yield On FOXF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 40.00 | 6.40 | 345 | 1.9 | 3.74 (10.3%) | |
| Jun 20 | 40.00 | 5.30 | 226 | 2.3 | 3.74 (10.3%) | |
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| Top 10 Open Interest For Nov 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | FXI dividend | 6. | IWM dividend | 1. | RIVN dividend | |
| 2. | NVDA dividend | 7. | TLT dividend | 2. | UPST dividend | |
| 3. | SLV dividend | 8. | TSLA dividend | 3. | IOVA dividend | |
| 4. | SPY dividend | 9. | XLF dividend | 4. | PINS dividend | |
| 5. | EEM dividend | 10. | EWZ dividend | 5. | TOST dividend | |
Want more examples? FOXA Dividend | FPE Dividend
