JBSS Dividend Type Payments

John B. Sanfilippo & Son, Inc. dividend

Although JBSS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on John B. Sanfilippo & Son, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:10 AM ET):

John B. Sanfilippo & Son, Inc. (JBSS)
Bid Ask Last Change Volume P/E Market Cap
61.37 61.67 61.45 -1.19 7K 13 0.7B

JBSS Dividend-Like Income Using Covered Calls

With JBSS at 61.45, 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% 1.84 0.5
5% 3.07 0.8
10% 6.15 1.7

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 JBSS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 65.00 2.90 220 1.3 3.33 (5.4%)
5% Yield On JBSS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 65.00 2.90 220 1.3 3.33 (5.4%)

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

 
 
Top 10 Open Interest For May 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.DOCS dividend
2.SPY dividend 7.SLV dividend   2.CAVA dividend
3.TLT dividend 8.FXI dividend   3.RXRX dividend
4.TSLA dividend 9.GLD dividend   4.JACK dividend
5.QQQ dividend 10.INTC dividend   5.QUBT dividend

Want more examples? JBLU Dividend | JCI Dividend