PBF Dividend Type Payments

PBF Energy Inc. Class A dividend

Although PBF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PBF Energy 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 Tue 4:16 PM ET):

PBF Energy Inc. Class A (PBF)
Bid Ask Last Change Volume P/E Market Cap
37.86 39.96 39.39 +1.50 2.0M - 4.4B

PBF Dividend-Like Income Using Covered Calls

With PBF at 39.39, 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% 1.18 0.3
5% 1.97 0.5
10% 3.94 1.1

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 PBF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 40.00 2.10 32 6.6 0.04 (0.1%)
Nov 21 40.00 0.70 4 17.5 0.04 (0.1%)
5% Yield On PBF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 40.00 2.10 32 6.6 0.04 (0.1%)
Nov 21 40.00 0.70 4 17.5 0.04 (0.1%)
10% Yield On PBF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 40.00 2.10 32 6.6 0.04 (0.1%)
Nov 21 40.00 0.70 4 17.5 0.04 (0.1%)

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Want more examples? PBE Dividend | PBH Dividend