FOX Dividend Type Payments

Fox Corporation - Class B dividend

Although FOX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Fox Corporation - Class B to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:05 PM ET):

Fox Corporation - Class B (FOX)
Bid Ask Last Change Volume P/E Market Cap
57.95 57.98 57.95 +0.63 390K - 25B

FOX Dividend-Like Income Using Covered Calls

With FOX at 57.95, 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% 1.74 0.5
5% 2.90 0.8
10% 5.80 1.6

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 FOX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 60.00 2.10 165 1.3 2.02 (3.5%)
Mar 20 60.00 1.00 137 0.7 2.02 (3.5%)
5% Yield On FOX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 60.00 2.10 165 1.3 2.02 (3.5%)

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