JBSS Dividend Type Payments
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 Fri 4:16 PM ET):
John B. Sanfilippo & Son, Inc. (JBSS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
95.46 | 102.62 | 98.17 | +1.52 | 37K | 17 | 1.1B |
JBSS Dividend-Like Income Using Covered Calls
With JBSS at 98.17, 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% | 2.95 | 0.8 |
5% | 4.91 | 1.3 |
10% | 9.82 | 2.7 |
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 | |
Sep 20 | 105.00 | 2.70 | 155 | 1.7 | 2.38 (2.4%) | |
Dec 20 | 105.00 | 5.60 | 246 | 2.3 | 2.38 (2.4%) |
5% Yield On JBSS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 20 | 105.00 | 2.70 | 155 | 1.7 | 2.38 (2.4%) | |
Dec 20 | 105.00 | 5.60 | 246 | 2.3 | 2.38 (2.4%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | HYG dividend | 6. | KWEB dividend | 1. | CVNA dividend | |
2. | IWM dividend | 7. | EEM dividend | 2. | FSLY dividend | |
3. | FXI dividend | 8. | SLV dividend | 3. | CLSK dividend | |
4. | QQQ dividend | 9. | TSLA dividend | 4. | MARA dividend | |
5. | SPY dividend | 10. | EWZ dividend | 5. | EYPT dividend |
Want more examples? JBLU Dividend | JBT Dividend