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
263.92 264.15 264.24 -2.56 12.4M 14 746B

JPM Dividend-Like Income Using Covered Calls

With JPM at 264.24, 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% 7.93 2.2
5% 13.21 3.6
10% 26.42 7.2

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 JPM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 7 265.00 4.25 15 28.3 0.85 (0.3%)
Mar 14 265.00 5.35 22 24.3 0.85 (0.3%)
5% Yield On JPM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 7 265.00 4.25 15 28.3 0.85 (0.3%)
Mar 14 265.00 5.35 22 24.3 0.85 (0.3%)
10% Yield On JPM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 7 265.00 4.25 15 28.3 0.85 (0.3%)
Mar 14 265.00 5.35 22 24.3 0.85 (0.3%)

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