FNF Dividend

FIDELITY NATIONAL FINANCIAL INC 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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