BKE Dividend

Buckle, Inc. (The) dividend

Although BKE has a dividend of 0.35 with an ex-dividend date of Jul 15, you can sell covered calls on Buckle, Inc. (The) 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):

Buckle, Inc. (The) (BKE)
Bid Ask Last Change Volume P/E Market Cap
43.00 46.85 45.57 +0.50 703K 12 2.3B

BKE Dividend-Like Income Using Covered Calls

With BKE at 45.57, 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% 1.37 0.4
5% 2.28 0.6
10% 4.56 1.2

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 BKE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 47.50 0.80 50 1.6 0.65 (1.4%)
Jul 18 47.50 0.20 22 0.9 0.65 (1.4%)
5% Yield On BKE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 47.50 0.80 50 1.6 0.65 (1.4%)
Jul 18 47.50 0.20 22 0.9 0.65 (1.4%)
10% Yield On BKE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 47.50 0.80 50 1.6 0.65 (1.4%)
Sep 19 47.50 1.65 85 1.9 0.65 (1.4%)

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