EAT Dividend

Brinker Intl, Inc dividend

Although EAT has a dividend of 0.38 with an ex-dividend date of Mar 7, you can sell covered calls on Brinker Intl, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Brinker Intl, Inc (EAT)
Bid Ask Last Change Volume P/E Market Cap
44.10 47.06 45.53 +0.59 1.0M 13 1.7B

EAT Dividend-Like Income Using Covered Calls

With EAT at 45.53, 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% 1.37 0.4
5% 2.28 0.6
10% 4.55 1.2

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 EAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 50.00 0.15 29 0.5 2.94 (6.5%)
Apr 18 50.00 0.70 63 1.1 2.94 (6.5%)
5% Yield On EAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 50.00 0.70 63 1.1 2.94 (6.5%)
Jul 19 50.00 1.95 155 1.3 2.94 (6.5%)
10% Yield On EAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 19 50.00 1.95 155 1.3 2.94 (6.5%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.ICPT dividend
2.EEM dividend 7.GE dividend   2.ROKU dividend
3.SPY dividend 8.XOP dividend   3.KPTI dividend
4.FXI dividend 9.BAC dividend   4.BHC dividend
5.QQQ dividend 10.JD dividend   5.VKTX dividend

Want more examples? EAF Dividend | EBAY Dividend