TDY Dividend Type Payments

Although TDY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Teledyne Technologies Incorporated to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Teledyne Technologies Incorporated (TDY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
483.02	496.74	492.35	-2.52	548K	29	23B

TDY Dividend-Like Income Using Covered Calls

With TDY at 492.35, 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%	14.77	4.0
5%	24.62	6.7
10%	49.24	13.5

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 TDY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	500.00	7.40	26	28.5	3.26 (0.7%)
May 15	500.00	29.00	173	16.8	3.26 (0.7%)

5% Yield On TDY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	500.00	7.40	26	28.5	3.26 (0.7%)
May 15	500.00	29.00	173	16.8	3.26 (0.7%)

10% Yield On TDY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	500.00	7.40	26	28.5	3.26 (0.7%)
May 15	500.00	29.00	173	16.8	3.26 (0.7%)

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

Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	RZLT dividend
2.	IBIT dividend	7.	TLT dividend	2.	IMNM dividend
3.	IWM dividend	8.	SLV dividend	3.	GPCR dividend
4.	SPY dividend	9.	GLD dividend	4.	EOSE dividend
5.	QQQ dividend	10.	FXI dividend	5.	CIFR dividend

Want more examples? TDW Dividend | TE Dividend