JJSF Dividend Type Payments

J & J Snack Foods Corp. dividend

Although JJSF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on J & J Snack Foods Corp. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

J & J Snack Foods Corp. (JJSF)
Bid Ask Last Change Volume P/E Market Cap
83.99 97.68 94.69 +2.66 241K 22 1.8B

JJSF Dividend-Like Income Using Covered Calls

With JJSF at 94.69, 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% 2.84 0.8
5% 4.73 1.3
10% 9.47 2.6

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 JJSF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 100.00 1.50 39 3.8 2.32 (2.5%)
May 15 100.00 5.00 214 2.3 2.32 (2.5%)
5% Yield On JJSF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 100.00 1.50 39 3.8 2.32 (2.5%)
May 15 100.00 5.00 214 2.3 2.32 (2.5%)
10% Yield On JJSF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 100.00 1.50 39 3.8 2.32 (2.5%)

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