ITT Dividend

Although ITT has a dividend of 0.35 with an ex-dividend date of Dec 1, you can sell covered calls on ITT Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

ITT Inc. (ITT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
83.85	210.00	188.48	+2.66	391K	31	15B

ITT Dividend-Like Income Using Covered Calls

With ITT at 188.48, 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%	5.65	1.5
5%	9.42	2.6
10%	18.85	5.2

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 ITT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	210.00	5.90	164	3.6	0.00 (0.0%)

5% Yield On ITT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	210.00	5.90	164	3.6	0.00 (0.0%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	TLT dividend	1.	LYFT dividend
2.	KVUE dividend	7.	INTC dividend	2.	LCID dividend
3.	NVDA dividend	8.	ASST dividend	3.	SOUN dividend
4.	SLV dividend	9.	HYG dividend	4.	TTD dividend
5.	GLD dividend	10.	SPY dividend	5.	CELH dividend

Want more examples? ITRN Dividend | ITUB Dividend