FWRD Dividend Type Payments

Forward Air Corporation dividend

Although FWRD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Forward Air Corporation 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):

Forward Air Corporation (FWRD)
Bid Ask Last Change Volume P/E Market Cap
22.10 23.58 22.75 +0.10 876K 3.9 0.6B

FWRD Dividend-Like Income Using Covered Calls

With FWRD at 22.75, 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% 0.68 0.2
5% 1.14 0.3
10% 2.28 0.6

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 FWRD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 25.00 0.95 30 3.2 1.42 (6.2%)
Jun 21 25.00 1.50 65 2.3 1.42 (6.2%)
5% Yield On FWRD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 25.00 0.95 30 3.2 1.42 (6.2%)
Jun 21 25.00 1.50 65 2.3 1.42 (6.2%)
10% Yield On FWRD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 25.00 0.95 30 3.2 1.42 (6.2%)
Jun 21 25.00 1.50 65 2.3 1.42 (6.2%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For May 17 Expiration     Top 5 High Yield
1.HYG dividend 6.KWEB dividend   1.VNDA dividend
2.IWM dividend 7.EEM dividend   2.CVNA dividend
3.FXI dividend 8.SLV dividend   3.DJT dividend
4.SPY dividend 9.TSLA dividend   4.MPW dividend
5.QQQ dividend 10.EWZ dividend   5.UPST dividend

Want more examples? FWONK Dividend | FXA Dividend