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 Mon 4:16 PM ET):

Floor & Decor Holdings, Inc (FND)
Bid Ask Last Change Volume P/E Market Cap
28.50 35.40 29.56 -0.71 1.4M - 0.0B

FND Dividend-Like Income Using Covered Calls

With FND at 29.56, 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% 0.89 0.2
5% 1.48 0.4
10% 2.96 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 FND Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 37.50 0.10 40 0.3 2.10 (7.1%)
Jul 19 45.00 1.00 222 0.5 9.60 (32.5%)
5% Yield On FND Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 19 45.00 1.00 222 0.5 9.60 (32.5%)
10% Yield On FND Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 19 37.50 2.35 222 1.1 2.10 (7.1%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.DXPE dividend 6.NXTM dividend   1. dividend
2.NVT dividend 7.MTOR dividend   2. dividend
3.MSEX dividend 8.WLTW dividend   3. dividend
4.WGP dividend 9.EDZ dividend   4. dividend
5.ECH dividend 10.ODFL dividend   5. dividend

Want more examples? FNCL Dividend | FNDA Dividend