ABM Dividend Type Payments

ABM Industries, Inc dividend

Although ABM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ABM Industries, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 1:35 PM ET):

ABM Industries, Inc (ABM)
Bid Ask Last Change Volume P/E Market Cap
36.28 36.32 36.30 +0.34 137K 25 2.4B

ABM Dividend-Like Income Using Covered Calls

With ABM at 36.30, here's a table showing how big the annual "dividend" (ie. 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% 1.09 0.3
5% 1.82 0.5
10% 3.63 1.0

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 ABM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 40.00 0.35 29 1.2 3.68 (10.1%)
Apr 18 40.00 0.60 63 1.0 3.68 (10.1%)
5% Yield On ABM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 40.00 0.35 29 1.2 3.68 (10.1%)
Apr 18 40.00 0.60 63 1.0 3.68 (10.1%)
10% Yield On ABM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 40.00 0.35 29 1.2 3.68 (10.1%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.MAT dividend
2.EEM dividend 7.GE dividend   2.ICPT dividend
3.SPY dividend 8.XOP dividend   3.SGMO dividend
4.FXI dividend 9.BAC dividend   4.CGC dividend
5.QQQ dividend 10.JD dividend   5.CRON dividend

Want more examples? ABG Dividend | ABMD Dividend