ACCO Dividend
Although ACCO has a dividend of 0.08 with an ex-dividend date of May 23, you can sell covered calls on Acco Brands Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:05 AM ET):
| Acco Brands Corporation (ACCO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 3.87 | 3.88 | 3.88 | +0.02 | 68K | - | 0.4B |
ACCO Dividend-Like Income Using Covered Calls
With ACCO at 3.88, 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% | 0.12 | 0.0 |
| 5% | 0.19 | 0.1 |
| 10% | 0.39 | 0.1 |
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 ACCO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 5.00 | 0.05 | 142 | 0.0 | 1.12 (28.9%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | ZETA dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | RDDT dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | HTZ dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | ABNB dividend | |
| 5. | QQQ dividend | 10. | SNAP dividend | 5. | ABR dividend | |
Want more examples? ACB Dividend | ACEL Dividend
