JBL Dividend
Although JBL has a dividend of 0.08 with an ex-dividend date of Feb 17, you can sell covered calls on Jabil Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 9:55 AM ET):
| Jabil Inc. (JBL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 244.42 | 245.41 | 244.93 | +1.31 | 57K | 38 | 26B |
JBL Dividend-Like Income Using Covered Calls
With JBL at 244.93, 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% | 7.35 | 2.0 |
| 5% | 12.25 | 3.4 |
| 10% | 24.49 | 6.7 |
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 JBL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 250.00 | 24.50 | 141 | 17.4 | 4.59 (1.9%) | |
| Sep 18 | 250.00 | 32.10 | 233 | 13.8 | 4.59 (1.9%) | |
| 5% Yield On JBL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 250.00 | 24.50 | 141 | 17.4 | 4.59 (1.9%) | |
| Sep 18 | 250.00 | 32.10 | 233 | 13.8 | 4.59 (1.9%) | |
| 10% Yield On JBL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 250.00 | 24.50 | 141 | 17.4 | 4.59 (1.9%) | |
| Sep 18 | 250.00 | 32.10 | 233 | 13.8 | 4.59 (1.9%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | QQQ dividend | 1. | BE dividend | |
| 2. | SLV dividend | 7. | CORZ dividend | 2. | ONDS dividend | |
| 3. | KWEB dividend | 8. | EWZ dividend | 3. | OCUL dividend | |
| 4. | GLD dividend | 9. | INTC dividend | 4. | RCAT dividend | |
| 5. | IBIT dividend | 10. | SPY dividend | 5. | EOSE dividend | |
Want more examples? JBHT Dividend | JBLU Dividend
