FND Dividend Type Payments

Although FND has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Floor & Decor Holdings, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:45 AM ET):

Floor & Decor Holdings, Inc (FND)
Bid Ask Last Change Volume P/E Market Cap
40.01 40.06 40.03 -1.60 174K 38 4.1B

FND Dividend-Like Income Using Covered Calls

With FND at 40.03, 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% 1.20 0.3
5% 2.00 0.5
10% 4.00 1.1

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 FND Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 50.00 0.15 30 0.5 9.94 (24.8%)
Oct 18 52.50 0.45 93 0.5 12.44 (31.1%)
5% Yield On FND Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 47.50 0.35 30 1.2 7.44 (18.6%)
Oct 18 50.00 0.75 93 0.8 9.94 (24.8%)
10% Yield On FND Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 47.50 0.35 30 1.2 7.44 (18.6%)
Oct 18 47.50 1.20 93 1.3 7.44 (18.6%)

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