TU Dividend Type Payments

Telus Corporation Ordinary Shares dividend

Although TU has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Telus Corporation Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 1:10 PM ET):

Telus Corporation Ordinary Shares (TU)
Bid Ask Last Change Volume P/E Market Cap
16.55 16.56 16.55 -0.10 638K 43 20B

TU Dividend-Like Income Using Covered Calls

With TU at 16.55, 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% 0.50 0.1
5% 0.83 0.2
10% 1.66 0.5

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 TU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 15 17.50 0.15 44 0.3 0.94 (5.7%)
Dec 20 17.50 0.20 79 0.3 0.94 (5.7%)
5% Yield On TU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 15 17.50 0.15 44 0.3 0.94 (5.7%)
Dec 20 17.50 0.20 79 0.3 0.94 (5.7%)

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