DE Dividend

Although DE has a dividend of 1.62 with an ex-dividend date of Dec 31, you can sell covered calls on Deere & Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Deere & Company (DE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
469.00	470.00	469.94	-0.30	820K	25	127B

DE Dividend-Like Income Using Covered Calls

With DE at 469.94, 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%	14.10	3.9
5%	23.50	6.4
10%	46.99	12.9

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 DE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 2	470.00	1.07	4	26.8	0.00 (0.0%)
Feb 6	470.00	11.50	39	29.5	0.00 (0.0%)

5% Yield On DE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 2	470.00	1.07	4	26.8	0.00 (0.0%)
Feb 6	470.00	11.50	39	29.5	0.00 (0.0%)

10% Yield On DE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 2	470.00	1.07	4	26.8	0.00 (0.0%)
Feb 6	470.00	11.50	39	29.5	0.00 (0.0%)

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