ASB Dividend

Although ASB has a dividend of 0.23 with an ex-dividend date of Jun 2, you can sell covered calls on Associated Banc-Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:55 PM ET):

Associated Banc-Corp (ASB)
Bid Ask Last Change Volume P/E Market Cap
24.59 24.61 24.61 +1.41 647K 29 3.8B

ASB Dividend-Like Income Using Covered Calls

With ASB at 24.61, 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% 0.74 0.2
5% 1.23 0.3
10% 2.46 0.7

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 ASB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 25.00 1.35 131 1.0 0.39 (1.6%)
Dec 19 25.00 1.85 222 0.8 0.39 (1.6%)
5% Yield On ASB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 25.00 1.35 131 1.0 0.39 (1.6%)
Dec 19 25.00 1.85 222 0.8 0.39 (1.6%)
10% Yield On ASB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 25.00 1.35 131 1.0 0.39 (1.6%)
Dec 19 25.00 1.85 222 0.8 0.39 (1.6%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For May 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.TSLA dividend   1.DOCS dividend
2.SPY dividend 7.SLV dividend   2.ZI dividend
3.TLT dividend 8.FXI dividend   3.ALT dividend
4.IWM dividend 9.GLD dividend   4.LUNR dividend
5.QQQ dividend 10.KWEB dividend   5.CLBT dividend

Want more examples? ASAN Dividend | ASC Dividend