RBCAA Dividend Type Payments
Although RBCAA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Republic Bancorp, 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):
| Republic Bancorp, Inc. - Class A (RBCAA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 26.01 | 104.01 | 65.11 | +0.15 | 15K | 10 | 1.3B |
RBCAA Dividend-Like Income Using Covered Calls
With RBCAA at 65.11, 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% | 1.95 | 0.5 |
| 5% | 3.26 | 0.9 |
| 10% | 6.51 | 1.8 |
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:
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | OLMA dividend | |
| 2. | IBIT dividend | 7. | SLV dividend | 2. | GLBE dividend | |
| 3. | KVUE dividend | 8. | QQQ dividend | 3. | TMC dividend | |
| 4. | NFLX dividend | 9. | TLT dividend | 4. | IMNM dividend | |
| 5. | TSLA dividend | 10. | HYG dividend | 5. | RZLT dividend | |
Want more examples? RBC Dividend | RC Dividend
