FCBC Dividend Type Payments

First Community Bankshares, Inc. dividend

Although FCBC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on First Community Bankshares, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:20 AM ET):

First Community Bankshares, Inc. (FCBC)
Bid Ask Last Change Volume P/E Market Cap
34.82 35.18 35.04 -0.17 9K 13 0.6B

FCBC Dividend-Like Income Using Covered Calls

With FCBC at 35.04, 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% 1.05 0.3
5% 1.75 0.5
10% 3.50 1.0

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:

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Top 10 Open Interest For Aug 15 Expiration     Top 5 High Yield
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4.IWM dividend 9.INTC dividend   4.AAP dividend
5.IBIT dividend 10.QQQ dividend   5.REPL dividend

Want more examples? FCA Dividend | FCEL Dividend