TM Dividend Type Payments

Toyota Motor Corporation dividend

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

Toyota Motor Corporation (TM)
Bid Ask Last Change Volume P/E Market Cap
171.88 177.20 174.24 +2.24 427K 75 314B

TM Dividend-Like Income Using Covered Calls

With TM at 174.24, 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% 5.23 1.4
5% 8.71 2.4
10% 17.42 4.8

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 TM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 180.00 3.80 32 11.9 2.80 (1.6%)
Apr 17 180.00 0.05 3 1.7 2.80 (1.6%)
5% Yield On TM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 180.00 3.80 32 11.9 2.80 (1.6%)
Oct 17 180.00 12.50 186 6.7 2.80 (1.6%)
10% Yield On TM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 180.00 3.80 32 11.9 2.80 (1.6%)
Oct 17 180.00 12.50 186 6.7 2.80 (1.6%)

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

 
 
Top 10 Open Interest For Apr 17 Expiration     Top 5 High Yield
1.NVDA dividend 6.SLV dividend   1.IBKR dividend
2.SPY dividend 7.TSLA dividend   2.MNMD dividend
3.QQQ dividend 8.NIO dividend   3.ROKU dividend
4.ASHR dividend 9.TLT dividend   4.UPST dividend
5.IWM dividend 10.EEM dividend   5.UNH dividend

Want more examples? TLYS Dividend | TMDX Dividend