JJSF Dividend Type Payments

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 Fri 4:16 PM ET):

J & J Snack Foods Corp. (JJSF)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
37.09	96.65	92.44	-1.92	347K	28	1.8B

JJSF Dividend-Like Income Using Covered Calls

With JJSF at 92.44, 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%	2.77	0.8
5%	4.62	1.3
10%	9.24	2.5

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
May 15	100.00	2.00	148	1.4	3.35 (3.6%)
Feb 20	100.00	1.20	64	1.9	3.35 (3.6%)

5% Yield On JJSF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	100.00	2.00	148	1.4	3.35 (3.6%)
Feb 20	100.00	1.20	64	1.9	3.35 (3.6%)

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