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 Mon 4:16 PM ET):

First Interstate BancSystem, Inc. - Class A (FIBK)
Bid Ask Last Change Volume P/E Market Cap
26.24 27.49 27.45 +1.08 1.0M 13 3.3B

FIBK Dividend-Like Income Using Covered Calls

With FIBK at 27.45, 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% 0.82 0.2
5% 1.37 0.4
10% 2.75 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 FIBK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 30.00 0.35 89 0.4 2.51 (9.1%)
5% Yield On FIBK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 30.00 0.35 89 0.4 2.51 (9.1%)

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