NBTB Dividend Type Payments

NBT Bancorp Inc. dividend

Although NBTB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on NBT Bancorp Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:55 PM ET):

NBT Bancorp Inc. (NBTB)
Bid Ask Last Change Volume P/E Market Cap
40.00 44.05 42.71 +0.06 118K 14 2.2B

NBTB Dividend-Like Income Using Covered Calls

With NBTB at 42.71, 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% 1.28 0.4
5% 2.14 0.6
10% 4.27 1.2

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 NBTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 45.00 0.25 24 1.0 0.95 (2.2%)
Aug 21 45.00 1.00 241 0.4 0.95 (2.2%)
5% Yield On NBTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 45.00 0.25 24 1.0 0.95 (2.2%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Jan 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.SLV dividend   1.BHVN dividend
2.INTC dividend 7.GLD dividend   2.DAWN dividend
3.TLT dividend 8.NIO dividend   3.RARE dividend
4.IBIT dividend 9.NFLX dividend   4.TMC dividend
5.AAPL dividend 10.SPY dividend   5.TLRY dividend

Want more examples? NBR Dividend | NCLH Dividend