SIG Dividend Type Payments

Although SIG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Signet Jewelers Limited Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 3:20 PM ET):

Signet Jewelers Limited Common Shares (SIG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
96.17	96.29	96.20	-3.96	1.8M	34	4.1B

SIG Dividend-Like Income Using Covered Calls

With SIG at 96.20, 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%	2.89	0.8
5%	4.81	1.3
10%	9.62	2.6

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 SIG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	100.00	4.00	5	80.0	3.71 (3.9%)
Dec 12	100.00	4.10	12	34.2	3.71 (3.9%)

5% Yield On SIG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	100.00	4.00	5	80.0	3.71 (3.9%)
Dec 12	100.00	4.10	12	34.2	3.71 (3.9%)

10% Yield On SIG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	100.00	4.00	5	80.0	3.71 (3.9%)
Dec 12	100.00	4.10	12	34.2	3.71 (3.9%)

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Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
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5.	IBIT dividend	10.	FXI dividend	5.	HUT dividend

Want more examples? SIFY Dividend | SIGA Dividend