CFFN Dividend Type Payments
Although CFFN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Capitol Federal Financial, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 1:00 PM ET):
| Capitol Federal Financial, Inc. (CFFN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 5.83 | 5.84 | 5.84 | +0.02 | 338K | 15 | 0.8B |
CFFN Dividend-Like Income Using Covered Calls
With CFFN at 5.84, 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% | 0.18 | 0.0 |
| 5% | 0.29 | 0.1 |
| 10% | 0.58 | 0.2 |
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:
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | TSLA dividend | 1. | CAPR dividend | |
| 2. | NVDA dividend | 7. | IWM dividend | 2. | ALT dividend | |
| 3. | SPY dividend | 8. | FXI dividend | 3. | COGT dividend | |
| 4. | GLD dividend | 9. | AAPL dividend | 4. | CELC dividend | |
| 5. | TLT dividend | 10. | CLSK dividend | 5. | QUBT dividend | |
Want more examples? CFA Dividend | CFG Dividend
