TCBK Dividend Type Payments

TriCo Bancshares dividend

Although TCBK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on TriCo Bancshares 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):

TriCo Bancshares (TCBK)
Bid Ask Last Change Volume P/E Market Cap
16.46 65.80 41.18 +0.12 324K 12 1.3B

TCBK Dividend-Like Income Using Covered Calls

With TCBK at 41.18, 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% 1.24 0.3
5% 2.06 0.6
10% 4.12 1.1

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:

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

 
Top 10 Open Interest For Jul 18 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.COGT dividend
2.SLV dividend 7.TSLA dividend   2.ENPH dividend
3.SPY dividend 8.AAPL dividend   3.SERV dividend
4.GLD dividend 9.FXI dividend   4.CRWV dividend
5.TLT dividend 10.CLSK dividend   5.RCAT dividend

Want more examples? TCBI Dividend | TCHI Dividend