DKS Dividend Type Payments
Although DKS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Dick's Sporting Goods Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:30 PM ET):
| Dick's Sporting Goods Inc (DKS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 227.46 | 227.78 | 227.78 | +0.06 | 167K | 16 | 18B |
DKS Dividend-Like Income Using Covered Calls
With DKS at 227.78, 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% | 6.83 | 1.9 |
| 5% | 11.39 | 3.1 |
| 10% | 22.78 | 6.2 |
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 DKS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 7 | 227.50 | 6.80 | 17 | 38.4 | 0.00 (0.0%) | |
| Nov 14 | 230.00 | 7.00 | 24 | 29.2 | 2.22 (1.0%) | |
| 5% Yield On DKS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 7 | 227.50 | 6.80 | 17 | 38.4 | 0.00 (0.0%) | |
| Nov 14 | 230.00 | 7.00 | 24 | 29.2 | 2.22 (1.0%) | |
| 10% Yield On DKS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 7 | 227.50 | 6.80 | 17 | 38.4 | 0.00 (0.0%) | |
| Nov 14 | 230.00 | 7.00 | 24 | 29.2 | 2.22 (1.0%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | INBX dividend | |
| 2. | KVUE dividend | 7. | HYG dividend | 2. | BHVN dividend | |
| 3. | NVDA dividend | 8. | EEM dividend | 3. | NVTS dividend | |
| 4. | SLV dividend | 9. | QQQ dividend | 4. | CIFR dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | RXRX dividend | |
Want more examples? DKNG Dividend | DLB Dividend
