FNF Dividend

Although FNF has a dividend of 0.30 with an ex-dividend date of Sep 13, you can sell covered calls on 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 Mon 4:16 PM ET):

FIDELITY NATIONAL FINANCIAL INC (FNF)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
34.34	39.82	39.82	-0.18	524K	14	11B

FNF Dividend-Like Income Using Covered Calls

With FNF at 39.82, 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%	1.19	0.3
5%	1.99	0.5
10%	3.98	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 FNF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 17	40.00	0.20	5	4.0	0.18 (0.5%)
Sep 21	42.00	0.15	40	0.4	2.18 (5.5%)

5% Yield On FNF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 17	40.00	0.20	5	4.0	0.18 (0.5%)
Sep 21	41.00	0.40	40	1.0	1.18 (3.0%)

10% Yield On FNF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 17	40.00	0.20	5	4.0	0.18 (0.5%)
Sep 21	40.00	0.80	40	2.0	0.18 (0.5%)

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Top 10 Open Interest For Aug 17 Expiration				Top 5 High Yield
1.	SPY dividend	6.	BAC dividend	1.	SSTK dividend
2.	EEM dividend	7.	AABA dividend	2.	UVXY dividend
3.	QQQ dividend	8.	FXI dividend	3.	VIPS dividend
4.	SPX dividend	9.	GLD dividend	4.	HUYA dividend
5.	XLF dividend	10.	FB dividend	5.	SWCH dividend

Want more examples? FNDX Dividend | FNG Dividend