KE Dividend Type Payments
Although KE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Kimball Electronics, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| Kimball Electronics, Inc. (KE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 7.69 | 20.00 | 19.19 | +0.27 | 149K | 27 | 0.5B |
KE Dividend-Like Income Using Covered Calls
With KE at 19.19, 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% | 0.58 | 0.2 |
| 5% | 0.96 | 0.3 |
| 10% | 1.92 | 0.5 |
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 KE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 25.00 | 0.15 | 67 | 0.2 | 5.00 (26.1%) | |
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| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | SFIX dividend | |
| 2. | SPY dividend | 7. | EEM dividend | 2. | GTLB dividend | |
| 3. | SLV dividend | 8. | TSLA dividend | 3. | RH dividend | |
| 4. | QQQ dividend | 9. | FXI dividend | 4. | DYN dividend | |
| 5. | IWM dividend | 10. | TLT dividend | 5. | SMR dividend | |
Want more examples? KDP Dividend | KELYA Dividend
