FNV Dividend Type Payments

Franco-Nevada Corporation dividend

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 Tue 4:16 PM ET):

Franco-Nevada Corporation (FNV)
Bid Ask Last Change Volume P/E Market Cap
202.02 209.75 209.05 -3.09 747K 45 40B

FNV Dividend-Like Income Using Covered Calls

With FNV at 209.05, 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% 6.27 1.7
5% 10.45 2.9
10% 20.91 5.7

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 19 210.00 2.15 4 53.8 0.25 (0.1%)
Jan 16 210.00 7.40 32 23.1 0.25 (0.1%)
5% Yield On FNV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 210.00 2.15 4 53.8 0.25 (0.1%)
Jan 16 210.00 7.40 32 23.1 0.25 (0.1%)
10% Yield On FNV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 210.00 2.15 4 53.8 0.25 (0.1%)
Jan 16 210.00 7.40 32 23.1 0.25 (0.1%)

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Want more examples? FNLC Dividend | FNX Dividend