ENR Dividend Type Payments

Energizer Holdings, Inc. dividend

Although ENR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Energizer Holdings, 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):

Energizer Holdings, Inc. (ENR)
Bid Ask Last Change Volume P/E Market Cap
27.95 28.60 28.41 +0.44 543K 22 2.0B

ENR Dividend-Like Income Using Covered Calls

With ENR at 28.41, 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% 0.85 0.2
5% 1.42 0.4
10% 2.84 0.8

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 ENR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 30.00 0.40 29 1.4 1.40 (4.9%)
Jun 21 30.00 0.20 64 0.3 1.40 (4.9%)
5% Yield On ENR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 30.00 0.40 29 1.4 1.40 (4.9%)
Aug 16 30.00 1.35 120 1.1 1.40 (4.9%)
10% Yield On ENR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 30.00 0.40 29 1.4 1.40 (4.9%)
Aug 16 30.00 1.35 120 1.1 1.40 (4.9%)

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