TNC Dividend Type Payments

Tennant Company dividend

Although TNC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Tennant Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:50 AM ET):

Tennant Company (TNC)
Bid Ask Last Change Volume P/E Market Cap
79.45 79.70 79.54 -1.12 24K 23 1.5B

TNC Dividend-Like Income Using Covered Calls

With TNC at 79.54, 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% 2.39 0.7
5% 3.98 1.1
10% 7.95 2.2

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 TNC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 80.00 0.50 31 1.6 0.30 (0.4%)
Oct 17 80.00 2.05 94 2.2 0.30 (0.4%)
5% Yield On TNC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 80.00 0.50 31 1.6 0.30 (0.4%)
Oct 17 80.00 2.05 94 2.2 0.30 (0.4%)
10% Yield On TNC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 80.00 2.05 94 2.2 0.30 (0.4%)

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.ELV dividend
2.SLV dividend 7.GLD dividend   2.CELC dividend
3.SPY dividend 8.TLT dividend   3.APLD dividend
4.TSLA dividend 9.QQQ dividend   4.QS dividend
5.AAPL dividend 10.AMZN dividend   5.PRAX dividend

Want more examples? TNA Dividend | TNDM Dividend