RJF Dividend Type Payments
Although RJF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Raymond James Financial, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:55 AM ET):
| Raymond James Financial, Inc. (RJF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 161.28 | 161.57 | 161.50 | +0.86 | 181K | 18 | 33B |
RJF Dividend-Like Income Using Covered Calls
With RJF at 161.50, 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% | 4.85 | 1.3 |
| 5% | 8.08 | 2.2 |
| 10% | 16.15 | 4.4 |
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 RJF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 165.00 | 2.95 | 37 | 8.0 | 3.43 (2.1%) | |
| May 16 | 165.00 | 10.40 | 184 | 5.7 | 3.43 (2.1%) | |
| 5% Yield On RJF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 165.00 | 2.95 | 37 | 8.0 | 3.43 (2.1%) | |
| May 16 | 165.00 | 10.40 | 184 | 5.7 | 3.43 (2.1%) | |
| 10% Yield On RJF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 165.00 | 2.95 | 37 | 8.0 | 3.43 (2.1%) | |
| May 16 | 165.00 | 10.40 | 184 | 5.7 | 3.43 (2.1%) | |
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| Top 10 Open Interest For Nov 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | FXI dividend | 6. | IWM dividend | 1. | LUNR dividend | |
| 2. | NVDA dividend | 7. | TLT dividend | 2. | OSCR dividend | |
| 3. | TSLA dividend | 8. | EEM dividend | 3. | CAPR dividend | |
| 4. | SPY dividend | 9. | EWZ dividend | 4. | AMAT dividend | |
| 5. | SLV dividend | 10. | SMCI dividend | 5. | NMRA dividend | |
Want more examples? RISN Dividend | RKT Dividend
