FNV Dividend Type Payments

Although FNV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Franco-Nevada Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Franco-Nevada Corporation (FNV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
185.01	190.99	186.63	-2.27	752K	46	36B

FNV Dividend-Like Income Using Covered Calls

With FNV at 186.63, here's a table showing how big the annual "dividend" (i.e. 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%	5.60	1.5
5%	9.33	2.6
10%	18.66	5.1

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 FNV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	195.00	5.50	50	11.0	4.01 (2.1%)
Nov 21	195.00	3.10	22	14.1	4.01 (2.1%)

5% Yield On FNV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	195.00	5.50	50	11.0	4.01 (2.1%)
Nov 21	195.00	3.10	22	14.1	4.01 (2.1%)

10% Yield On FNV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	195.00	5.50	50	11.0	4.01 (2.1%)
Nov 21	195.00	3.10	22	14.1	4.01 (2.1%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	INTC dividend	1.	GHRS dividend
2.	KVUE dividend	7.	TLT dividend	2.	IREN dividend
3.	NVDA dividend	8.	ASST dividend	3.	SRPT dividend
4.	SLV dividend	9.	EEM dividend	4.	UPST dividend
5.	GLD dividend	10.	HYG dividend	5.	HUT dividend

Want more examples? FNLC Dividend | FNX Dividend