JBSS Dividend Type Payments

John B. Sanfilippo & Son, Inc. dividend

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 Mon 4:16 PM ET):

John B. Sanfilippo & Son, Inc. (JBSS)
Bid Ask Last Change Volume P/E Market Cap
69.10 73.64 71.22 +0.55 56K 17 0.8B

JBSS Dividend-Like Income Using Covered Calls

With JBSS at 71.22, 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% 2.14 0.6
5% 3.56 1.0
10% 7.12 2.0

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 JBSS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 75.00 1.65 201 0.8 1.36 (1.9%)
Jun 20 75.00 2.20 110 2.0 1.36 (1.9%)
5% Yield On JBSS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 75.00 2.20 110 2.0 1.36 (1.9%)
10% Yield On JBSS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 75.00 2.20 110 2.0 1.36 (1.9%)

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