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 Thu 4:16 PM ET):

J & J Snack Foods Corp. (JJSF)
Bid Ask Last Change Volume P/E Market Cap
118.20 122.23 118.24 -1.20 63K 31 2.3B

JJSF Dividend-Like Income Using Covered Calls

With JJSF at 118.24, 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% 3.55 1.0
5% 5.91 1.6
10% 11.82 3.2

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 21 125.00 2.65 142 1.9 2.77 (2.3%)
Feb 20 125.00 4.80 233 2.1 2.77 (2.3%)
5% Yield On JJSF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 125.00 2.65 142 1.9 2.77 (2.3%)
Feb 20 125.00 4.80 233 2.1 2.77 (2.3%)

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