CHD Dividend Type Payments

CHURCH & DWIGHT CO dividend

Although CHD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CHURCH & DWIGHT CO to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:10 PM ET):

CHURCH & DWIGHT CO (CHD)
Bid Ask Last Change Volume P/E Market Cap
56.73 56.75 56.73 -0.90 718K 18 14B

CHD Dividend-Like Income Using Covered Calls

With CHD at 56.73, here's a table showing how big the annual "dividend" (ie. 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% 1.70 0.5
5% 2.84 0.8
10% 5.67 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 CHD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 60.00 0.15 32 0.5 3.25 (5.7%)
Oct 19 60.00 0.40 60 0.7 3.25 (5.7%)
5% Yield On CHD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 60.00 1.35 151 0.9 3.25 (5.7%)

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Want more examples? CHCO Dividend | CHDN Dividend