INTL Dividend Type Payments

INTL FCStone, Inc dividend

Although INTL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on INTL FCStone, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:15 PM ET):

INTL FCStone, Inc (INTL)
Bid Ask Last Change Volume P/E Market Cap
37.10 37.42 37.39 -0.46 13K - 0.0B

INTL Dividend-Like Income Using Covered Calls

With INTL at 37.39, 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% 1.12 0.3
5% 1.87 0.5
10% 3.74 1.0

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 INTL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 15 40.00 0.30 24 1.3 2.58 (6.9%)
Mar 15 40.00 0.70 52 1.3 2.58 (6.9%)
5% Yield On INTL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 15 40.00 0.30 24 1.3 2.58 (6.9%)
Mar 15 40.00 0.70 52 1.3 2.58 (6.9%)
10% Yield On INTL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 15 40.00 0.30 24 1.3 2.58 (6.9%)
Mar 15 40.00 0.70 52 1.3 2.58 (6.9%)

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

 
Top 10 Open Interest For Feb 15 Expiration     Top 5 High Yield
1.SPY dividend 6.AAPL dividend   1. dividend
2.EEM dividend 7.IWM dividend   2. dividend
3.SPX dividend 8.BAC dividend   3. dividend
4.QQQ dividend 9.EWZ dividend   4. dividend
5.FXI dividend 10.HYG dividend   5. dividend

Want more examples? INTF Dividend | INTU Dividend