ANF Dividend Type Payments
Although ANF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Abercrombie & Fitch Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:40 AM ET):
| Abercrombie & Fitch Company (ANF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 71.40 | 71.55 | 71.55 | +0.31 | 296K | 6.7 | 3.4B |
ANF Dividend-Like Income Using Covered Calls
With ANF at 71.55, 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% | 2.15 | 0.6 |
| 5% | 3.58 | 1.0 |
| 10% | 7.16 | 2.0 |
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 ANF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 72.00 | 4.90 | 23 | 21.3 | 0.45 (0.6%) | |
| Dec 12 | 100.00 | 0.20 | 30 | 0.7 | 28.45 (39.8%) | |
| 5% Yield On ANF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 72.00 | 4.90 | 23 | 21.3 | 0.45 (0.6%) | |
| Dec 12 | 72.00 | 5.50 | 30 | 18.3 | 0.45 (0.6%) | |
| 10% Yield On ANF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 72.00 | 4.90 | 23 | 21.3 | 0.45 (0.6%) | |
| Dec 12 | 72.00 | 5.50 | 30 | 18.3 | 0.45 (0.6%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | NVTS dividend | |
| 2. | NVDA dividend | 7. | ASST dividend | 2. | RCAT dividend | |
| 3. | KVUE dividend | 8. | SPY dividend | 3. | RUN dividend | |
| 4. | SLV dividend | 9. | QQQ dividend | 4. | JOBY dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | MP dividend | |
Want more examples? ANEW Dividend | ANGI Dividend
