ASH Dividend Type Payments

Ashland Inc. dividend

Although ASH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ashland Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Ashland Inc. (ASH)
Bid Ask Last Change Volume P/E Market Cap
52.02 59.50 58.59 +0.30 912K - 2.7B

ASH Dividend-Like Income Using Covered Calls

With ASH at 58.59, 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% 1.76 0.5
5% 2.93 0.8
10% 5.86 1.6

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 ASH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 60.00 0.55 15 3.7 0.50 (0.9%)
Jan 16 60.00 1.00 43 2.3 0.50 (0.9%)
5% Yield On ASH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 60.00 0.55 15 3.7 0.50 (0.9%)
Jan 16 60.00 1.00 43 2.3 0.50 (0.9%)
10% Yield On ASH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 60.00 0.55 15 3.7 0.50 (0.9%)
Jan 16 60.00 1.00 43 2.3 0.50 (0.9%)

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

 
 
Top 10 Open Interest For Dec 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.MRVL dividend
2.SPY dividend 7.TLT dividend   2.VRT dividend
3.QQQ dividend 8.SLV dividend   3.FULC dividend
4.IWM dividend 9.GLD dividend   4.RZLT dividend
5.IBIT dividend 10.FXI dividend   5.UAMY dividend

Want more examples? ASGN Dividend | ASHR Dividend