JPM Dividend Type Payments

JP Morgan Chase & Co. dividend

Although JPM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on JP Morgan Chase & Co. 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):

JP Morgan Chase & Co. (JPM)
Bid Ask Last Change Volume P/E Market Cap
288.76 288.87 288.76 +1.82 6.6M 15 789B

JPM Dividend-Like Income Using Covered Calls

With JPM at 288.76, 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% 8.66 2.4
5% 14.44 4.0
10% 28.88 7.9

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 JPM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 5 290.00 6.25 29 21.6 1.13 (0.4%)
Sep 12 290.00 7.20 36 20.0 1.13 (0.4%)
5% Yield On JPM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 5 290.00 6.25 29 21.6 1.13 (0.4%)
Sep 12 290.00 7.20 36 20.0 1.13 (0.4%)
10% Yield On JPM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 5 290.00 6.25 29 21.6 1.13 (0.4%)
Sep 12 290.00 7.20 36 20.0 1.13 (0.4%)

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