SF Dividend

Although SF has a dividend of 0.42 with an ex-dividend date of Dec 2, you can sell covered calls on Stifel Financial Corporation 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):

Stifel Financial Corporation (SF)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
114.00	117.40	115.30	+1.25	447K	24	12B

SF Dividend-Like Income Using Covered Calls

With SF at 115.30, 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%	3.46	0.9
5%	5.77	1.6
10%	11.53	3.2

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 SF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	120.00	0.10	8	1.3	2.60 (2.3%)
Dec 20	120.00	1.65	43	3.8	2.60 (2.3%)

5% Yield On SF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	120.00	1.65	43	3.8	2.60 (2.3%)
Jan 17	120.00	2.50	71	3.5	2.60 (2.3%)

10% Yield On SF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	120.00	1.65	43	3.8	2.60 (2.3%)
Jan 17	120.00	2.50	71	3.5	2.60 (2.3%)

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Want more examples? SES Dividend | SFBS Dividend