JBSS Dividend Type Payments
Although JBSS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on John B. Sanfilippo & Son, Inc. 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):
| John B. Sanfilippo & Son, Inc. (JBSS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 87.10 | 91.42 | 87.88 | -1.77 | 70K | 19 | 1.0B |
JBSS Dividend-Like Income Using Covered Calls
With JBSS at 87.88, 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% | 2.64 | 0.7 |
| 5% | 4.39 | 1.2 |
| 10% | 8.79 | 2.4 |
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 JBSS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 95.00 | 2.55 | 241 | 1.1 | 3.58 (4.1%) | |
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| Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | QUBT dividend | |
| 2. | TLT dividend | 7. | TSLA dividend | 2. | SMCI dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | MBLY dividend | |
| 4. | IWM dividend | 9. | AAPL dividend | 4. | SNAP dividend | |
| 5. | FXI dividend | 10. | ASHR dividend | 5. | RIOT dividend | |
Want more examples? JBLU Dividend | JCI Dividend
