UTZ Dividend Type Payments

Although UTZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Utz Brands Inc Class A 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):

Utz Brands Inc Class A (UTZ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
12.34	13.00	12.63	+0.15	470K	59	1.8B

UTZ Dividend-Like Income Using Covered Calls

With UTZ at 12.63, 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%	0.38	0.1
5%	0.63	0.2
10%	1.26	0.3

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 UTZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	15.00	0.05	31	0.2	2.00 (15.8%)
Jan 16	15.00	0.20	87	0.2	2.00 (15.8%)

5% Yield On UTZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	15.00	0.20	87	0.2	2.00 (15.8%)

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Want more examples? UTSL Dividend | UUP Dividend