UNF Dividend Type Payments
Although UNF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Unifirst Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 3:55 PM ET):
| Unifirst Corporation (UNF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 165.46 | 166.03 | 165.75 | +4.07 | 190K | 20 | 3.0B |
UNF Dividend-Like Income Using Covered Calls
With UNF at 165.75, 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% | 4.97 | 1.4 |
| 5% | 8.29 | 2.3 |
| 10% | 16.58 | 4.5 |
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 UNF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 170.00 | 8.00 | 212 | 3.8 | 3.97 (2.4%) | |
| Feb 20 | 170.00 | 11.50 | 128 | 9.0 | 3.97 (2.4%) | |
| 5% Yield On UNF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 170.00 | 8.00 | 212 | 3.8 | 3.97 (2.4%) | |
| Feb 20 | 170.00 | 11.50 | 128 | 9.0 | 3.97 (2.4%) | |
| 10% Yield On UNF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 20 | 170.00 | 11.50 | 128 | 9.0 | 3.97 (2.4%) | |
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | INTC dividend | 1. | CRML dividend | |
| 2. | IBIT dividend | 7. | QQQ dividend | 2. | ARCT dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | PSO dividend | |
| 4. | GLD dividend | 9. | AMD dividend | 4. | ABAT dividend | |
| 5. | TSLA dividend | 10. | SLV dividend | 5. | KOD dividend | |
Want more examples? UMH Dividend | UNFI Dividend
