FIX Dividend Type Payments

Comfort Systems USA, Inc dividend

Although FIX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Comfort Systems USA, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:30 PM ET):

Comfort Systems USA, Inc (FIX)
Bid Ask Last Change Volume P/E Market Cap
46.83 46.87 46.84 +0.61 144K - 0.0B

FIX Dividend-Like Income Using Covered Calls

With FIX at 46.84, here's a table showing how big the annual "dividend" (ie. 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% 1.41 0.4
5% 2.34 0.6
10% 4.68 1.3

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 FIX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 50.00 0.15 11 1.4 3.13 (6.7%)
Jan 18 50.00 0.60 39 1.5 3.13 (6.7%)
5% Yield On FIX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 50.00 0.15 11 1.4 3.13 (6.7%)
Jan 18 50.00 0.60 39 1.5 3.13 (6.7%)
10% Yield On FIX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 50.00 0.15 11 1.4 3.13 (6.7%)
Jan 18 50.00 0.60 39 1.5 3.13 (6.7%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.IMMR dividend 6.SEAS dividend   1. dividend
2.CASA dividend 7.INTL dividend   2. dividend
3.SCVL dividend 8.CCIH dividend   3. dividend
4.ING dividend 9.SFBS dividend   4. dividend
5.CBM dividend 10.IPFF dividend   5. dividend

Want more examples? FIW Dividend | FIZZ Dividend