TRI Dividend

Although TRI has a dividend of 0.54 with an ex-dividend date of Nov 21, you can sell covered calls on Thomson Reuters Corp Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Thomson Reuters Corp Ordinary Shares (TRI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
162.71	170.64	166.27	-4.87	521K	-	119B

TRI Dividend-Like Income Using Covered Calls

With TRI at 166.27, 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%	4.99	1.4
5%	8.31	2.3
10%	16.63	4.6

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 TRI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	175.00	1.10	45	2.4	4.36 (2.6%)
Jan 17	170.00	3.50	73	3.9	0.00 (0.0%)

5% Yield On TRI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	175.00	1.10	45	2.4	4.36 (2.6%)
Jan 17	170.00	3.50	73	3.9	0.00 (0.0%)

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Top 10 Open Interest For Nov 15 Expiration				Top 5 High Yield
1.	FXI dividend	6.	EEM dividend	1.	CLOV dividend
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3.	SLV dividend	8.	TSLA dividend	3.	MTCH dividend
4.	SPY dividend	9.	EWZ dividend	4.	UPST dividend
5.	IWM dividend	10.	QQQ dividend	5.	RIVN dividend

Want more examples? TRGP Dividend | TRIB Dividend