CHD Dividend

Although CHD has a dividend of 0.30 with an ex-dividend date of Aug 15, you can sell covered calls on Church & Dwight Company, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:40 AM ET):

Church & Dwight Company, Inc. (CHD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
91.44	91.51	91.49	-0.17	379K	43	22B

CHD Dividend-Like Income Using Covered Calls

With CHD at 91.49, 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%	2.74	0.8
5%	4.57	1.3
10%	9.15	2.5

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 19	95.00	0.70	39	1.8	3.49 (3.8%)
Jan 16	100.00	1.60	158	1.0	8.49 (9.3%)

5% Yield On CHD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	95.00	0.70	39	1.8	3.49 (3.8%)
Jan 16	95.00	3.40	158	2.2	3.49 (3.8%)

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Want more examples? CHCO Dividend | CHDN Dividend