FOXA Dividend Type Payments

Fox Corporation - Class A dividend

Although FOXA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Fox Corporation - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:50 AM ET):

Fox Corporation - Class A (FOXA)
Bid Ask Last Change Volume P/E Market Cap
56.34 56.37 56.36 +0.37 188K 14 25B

FOXA Dividend-Like Income Using Covered Calls

With FOXA at 56.36, 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% 1.69 0.5
5% 2.82 0.8
10% 5.64 1.5

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 FOXA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 11 57.00 0.30 16 1.9 0.63 (1.1%)
Oct 17 60.00 1.90 114 1.7 3.63 (6.4%)
5% Yield On FOXA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 11 57.00 0.30 16 1.9 0.63 (1.1%)
Oct 17 60.00 1.90 114 1.7 3.63 (6.4%)
10% Yield On FOXA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 11 57.00 0.30 16 1.9 0.63 (1.1%)
Oct 17 60.00 1.90 114 1.7 3.63 (6.4%)

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