FOX Dividend

TWENTY-FIRST CENTURY FOX dividend

Although FOX has a dividend of 0.18 with an ex-dividend date of Sep 11, you can sell covered calls on TWENTY-FIRST CENTURY FOX to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

TWENTY-FIRST CENTURY FOX (FOX)
Bid Ask Last Change Volume P/E Market Cap
45.04 45.18 45.12 +0.32 4.4M 19 84B

FOX Dividend-Like Income Using Covered Calls

With FOX at 45.12, 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% 1.35 0.4
5% 2.26 0.6
10% 4.51 1.2

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
Sep 21 45.00 0.50 37 0.9 0.00 (0.0%)
5% Yield On FOX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 45.00 0.50 37 0.9 0.00 (0.0%)

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