FNF Dividend

FNF Group of Fidelity National Financial, Inc dividend

Although FNF has a dividend of 0.31 with an ex-dividend date of Mar 14, you can sell covered calls on FNF Group of Fidelity National Financial, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:55 AM ET):

FNF Group of Fidelity National Financial, Inc (FNF)
Bid Ask Last Change Volume P/E Market Cap
35.02 35.03 35.02 +0.74 402K 12 9.4B

FNF Dividend-Like Income Using Covered Calls

With FNF at 35.02, 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% 1.05 0.3
5% 1.75 0.5
10% 3.50 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 FNF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 36.00 0.15 22 0.7 0.97 (2.8%)
Apr 18 37.00 0.25 56 0.4 1.97 (5.6%)
5% Yield On FNF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 36.00 0.15 22 0.7 0.97 (2.8%)
Apr 18 36.00 0.50 56 0.9 0.97 (2.8%)
10% Yield On FNF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 35.00 0.55 22 2.4 0.00 (0.0%)
Apr 18 35.00 0.90 56 1.6 0.00 (0.0%)

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