KELYA Dividend Type Payments
Although KELYA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Kelly Services, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Kelly Services, Inc. - Class A (KELYA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 10.00 | 14.30 | 12.15 | -0.13 | 225K | - | 0.4B |
KELYA Dividend-Like Income Using Covered Calls
With KELYA at 12.15, 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% | 0.36 | 0.1 |
| 5% | 0.61 | 0.2 |
| 10% | 1.22 | 0.3 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | OKLO dividend | |
| 2. | SPY dividend | 7. | EEM dividend | 2. | RH dividend | |
| 3. | QQQ dividend | 8. | TSLA dividend | 3. | IONQ dividend | |
| 4. | SLV dividend | 9. | FXI dividend | 4. | SERV dividend | |
| 5. | IWM dividend | 10. | TLT dividend | 5. | DYN dividend | |
Want more examples? KE Dividend | KEM Dividend
