CHD Dividend Type Payments

Church & Dwight Co, Inc dividend

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

Church & Dwight Co, Inc (CHD)
Bid Ask Last Change Volume P/E Market Cap
71.64 76.50 75.41 +0.06 799K 32 19B

CHD Dividend-Like Income Using Covered Calls

With CHD at 75.41, 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% 2.26 0.6
5% 3.77 1.0
10% 7.54 2.1

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
Aug 16 80.00 0.35 31 1.1 3.50 (4.6%)
Oct 18 80.00 1.00 94 1.1 3.50 (4.6%)
5% Yield On CHD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 80.00 0.35 31 1.1 3.50 (4.6%)
Oct 18 80.00 1.00 94 1.1 3.50 (4.6%)

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