UMBF Dividend Type Payments
Although UMBF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on UMB Financial Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:20 PM ET):
| UMB Financial Corporation (UMBF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 121.88 | 122.26 | 121.95 | -0.12 | 149K | 14 | 9.3B |
UMBF Dividend-Like Income Using Covered Calls
With UMBF at 121.95, 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% | 3.66 | 1.0 |
| 5% | 6.10 | 1.7 |
| 10% | 12.20 | 3.3 |
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 UMBF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 125.00 | 4.60 | 150 | 3.1 | 2.74 (2.2%) | |
| Sep 18 | 125.00 | 7.50 | 242 | 3.1 | 2.74 (2.2%) | |
| 5% Yield On UMBF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 125.00 | 4.60 | 150 | 3.1 | 2.74 (2.2%) | |
| Sep 18 | 125.00 | 7.50 | 242 | 3.1 | 2.74 (2.2%) | |
| 10% Yield On UMBF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 130.00 | 5.20 | 150 | 3.5 | 7.74 (6.3%) | |
| Mar 20 | 125.00 | 3.70 | 60 | 6.2 | 2.74 (2.2%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KWEB dividend | 6. | IWM dividend | 1. | OCUL dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | WYFI dividend | |
| 3. | NVDA dividend | 8. | HYG dividend | 3. | CIFR dividend | |
| 4. | IBIT dividend | 9. | INTC dividend | 4. | MARA dividend | |
| 5. | CORZ dividend | 10. | TLT dividend | 5. | AVBP dividend | |
Want more examples? ULTA Dividend | UMC Dividend
