FIBK Dividend Type Payments

First Interstate BancSystem, Inc. - Class A dividend

Although FIBK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on First Interstate BancSystem, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:25 PM ET):

First Interstate BancSystem, Inc. - Class A (FIBK)
Bid Ask Last Change Volume P/E Market Cap
31.95 31.97 31.96 +0.75 401K 14 3.9B

FIBK Dividend-Like Income Using Covered Calls

With FIBK at 31.96, 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% 0.96 0.3
5% 1.60 0.4
10% 3.20 0.9

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 FIBK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 35.00 0.45 67 0.7 3.03 (9.5%)
Nov 21 35.00 0.20 39 0.5 3.03 (9.5%)
5% Yield On FIBK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 35.00 0.45 67 0.7 3.03 (9.5%)
Nov 21 35.00 0.20 39 0.5 3.03 (9.5%)

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