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
36.30 36.68 36.52 -0.59 1.1M 24 3.6B

FND Dividend-Like Income Using Covered Calls

With FND at 36.52, 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% 1.10 0.3
5% 1.83 0.5
10% 3.65 1.0

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
Sep 21 42.50 0.10 33 0.3 5.82 (15.9%)
Oct 19 42.50 0.40 61 0.7 5.82 (15.9%)
5% Yield On FND Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 40.00 0.40 33 1.2 3.32 (9.1%)
Oct 19 42.50 0.40 61 0.7 5.82 (15.9%)
10% Yield On FND Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 40.00 0.40 33 1.2 3.32 (9.1%)
Oct 19 40.00 0.85 61 1.4 3.32 (9.1%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
1.EEM dividend 6.GE dividend   1.COTY dividend
2.SPY dividend 7.GLD dividend   2.MOMO dividend
3.SPX dividend 8.FB dividend   3.UVXY dividend
4.QQQ dividend 9.IWM dividend   4.AKRX dividend
5.XLF dividend 10.GDX dividend   5.LB dividend

Want more examples? FNCL Dividend | FNDA Dividend