SYY Dividend Type Payments

Sysco Corporation dividend

Although SYY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sysco Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 9:45 AM ET):

Sysco Corporation (SYY)
Bid Ask Last Change Volume P/E Market Cap
84.95 85.08 85.02 +0.36 134K 23 41B

SYY Dividend-Like Income Using Covered Calls

With SYY at 85.02, 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% 2.55 0.7
5% 4.25 1.2
10% 8.50 2.3

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 SYY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 85.00 2.90 100 2.8 0.00 (0.0%)
Jun 18 85.00 4.40 134 3.2 0.00 (0.0%)
5% Yield On SYY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 85.00 2.90 100 2.8 0.00 (0.0%)
Jun 18 85.00 4.40 134 3.2 0.00 (0.0%)
10% Yield On SYY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 85.00 2.90 100 2.8 0.00 (0.0%)
Jun 18 85.00 4.40 134 3.2 0.00 (0.0%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Feb 20 Expiration     Top 5 High Yield
1.SLV dividend 6.QQQ dividend   1.BE dividend
2.KWEB dividend 7.EWZ dividend   2.IREN dividend
3.NVDA dividend 8.SPY dividend   3.RDDT dividend
4.GLD dividend 9.INTC dividend   4.CLSK dividend
5.IBIT dividend 10.TLT dividend   5.RBLX dividend

Want more examples? SYPR Dividend | SZK Dividend