JKHY Dividend Type Payments

Although JKHY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Jack Henry & Associates, Inc. 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):

Jack Henry & Associates, Inc. (JKHY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
181.74	185.50	184.50	+0.12	1.7M	28	13B

JKHY Dividend-Like Income Using Covered Calls

With JKHY at 184.50, 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%	5.54	1.5
5%	9.23	2.5
10%	18.45	5.1

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 JKHY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	185.00	2.40	29	6.6	0.00 (0.0%)
Feb 20	185.00	5.60	64	8.0	0.00 (0.0%)

5% Yield On JKHY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	185.00	2.40	29	6.6	0.00 (0.0%)
Feb 20	185.00	5.60	64	8.0	0.00 (0.0%)

10% Yield On JKHY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	185.00	2.40	29	6.6	0.00 (0.0%)
Feb 20	185.00	5.60	64	8.0	0.00 (0.0%)

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