COTY Dividend Type Payments

Coty Inc. Class A dividend

Although COTY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Coty Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:55 AM ET):

Coty Inc. Class A (COTY)
Bid Ask Last Change Volume P/E Market Cap
4.30 4.31 4.30 -0.02 942K - 7.5B

COTY Dividend-Like Income Using Covered Calls

With COTY at 4.30, 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% 0.13 0.0
5% 0.22 0.1
10% 0.43 0.1

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 COTY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 5.00 0.05 30 0.2 0.69 (16.0%)
Nov 21 5.00 0.15 65 0.2 0.69 (16.0%)
5% Yield On COTY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 5.00 0.05 30 0.2 0.69 (16.0%)
Nov 21 5.00 0.15 65 0.2 0.69 (16.0%)
10% Yield On COTY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 5.00 0.05 30 0.2 0.69 (16.0%)
Nov 21 5.00 0.15 65 0.2 0.69 (16.0%)

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