NWSA Dividend

Although NWSA has a dividend of 0.10 with an ex-dividend date of Mar 11, you can sell covered calls on News Corporation - Class A 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):

News Corporation - Class A (NWSA)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
22.42	22.50	22.50	-1.71	9.0M	12	14B

NWSA Dividend-Like Income Using Covered Calls

With NWSA at 22.50, 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%	0.68	0.2
5%	1.13	0.3
10%	2.25	0.6

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 NWSA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	22.50	0.35	15	2.3	0.00 (0.0%)
Mar 20	22.50	0.70	43	1.6	0.00 (0.0%)

5% Yield On NWSA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	22.50	0.35	15	2.3	0.00 (0.0%)
Mar 20	22.50	0.70	43	1.6	0.00 (0.0%)

10% Yield On NWSA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	22.50	0.35	15	2.3	0.00 (0.0%)
Mar 20	22.50	0.70	43	1.6	0.00 (0.0%)

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Want more examples? NWS Dividend | NX Dividend