FIZZ Dividend Type Payments

NATIONAL BEVERAGE dividend

Although FIZZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on NATIONAL BEVERAGE to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:30 PM ET):

NATIONAL BEVERAGE (FIZZ)
Bid Ask Last Change Volume P/E Market Cap
117.03 117.16 117.10 -1.14 92K 37 5.5B

FIZZ Dividend-Like Income Using Covered Calls

With FIZZ at 117.10, 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% 3.51 1.0
5% 5.86 1.6
10% 11.71 3.2

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 FIZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 140.00 0.40 32 1.3 22.84 (19.5%)
Oct 19 140.00 0.95 60 1.6 22.84 (19.5%)
5% Yield On FIZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 135.00 0.80 32 2.5 17.84 (15.2%)
Oct 19 135.00 1.45 60 2.4 17.84 (15.2%)
10% Yield On FIZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 130.00 1.50 32 4.7 12.84 (11.0%)
Oct 19 130.00 2.50 60 4.2 12.84 (11.0%)

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