OMI Dividend Type Payments

Owens & Minor, Inc. dividend

Although OMI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Owens & Minor, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Owens & Minor, Inc. (OMI)
Bid Ask Last Change Volume P/E Market Cap
5.13 5.50 5.26 -0.05 1.5M - 0.4B

OMI Dividend-Like Income Using Covered Calls

With OMI at 5.26, 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% 0.16 0.0
5% 0.26 0.1
10% 0.53 0.1

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 OMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 7.00 0.20 58 0.3 1.50 (28.5%)
Nov 21 6.00 0.15 30 0.5 0.50 (9.5%)
5% Yield On OMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 7.00 0.20 58 0.3 1.50 (28.5%)
Nov 21 6.00 0.15 30 0.5 0.50 (9.5%)
10% Yield On OMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 7.00 0.20 58 0.3 1.50 (28.5%)
Nov 21 6.00 0.15 30 0.5 0.50 (9.5%)

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