FIBK Dividend Type Payments
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 Fri 9:55 AM ET):
| First Interstate BancSystem, Inc. - Class A (FIBK) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 30.55 | 30.66 | 30.60 | -0.01 | 138K | 14 | 3.8B |
FIBK Dividend-Like Income Using Covered Calls
With FIBK at 30.60, 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% | 0.92 | 0.3 |
| 5% | 1.53 | 0.4 |
| 10% | 3.06 | 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 | |
| Dec 19 | 35.00 | 0.35 | 127 | 0.3 | 4.34 (14.2%) | |
| Jan 16 | 35.00 | 0.45 | 155 | 0.3 | 4.34 (14.2%) | |
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | QUBT dividend | |
| 2. | PCG dividend | 7. | FXI dividend | 2. | ASPI dividend | |
| 3. | IWM dividend | 8. | QQQ dividend | 3. | RUN dividend | |
| 4. | EEM dividend | 9. | IBIT dividend | 4. | OKLO dividend | |
| 5. | SPY dividend | 10. | KWEB dividend | 5. | CODI dividend | |
Want more examples? FI Dividend | FICO Dividend
