JBT Dividend Type Payments

JOHN BEAN TECHNOLOGIES dividend

Although JBT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on JOHN BEAN TECHNOLOGIES to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

JOHN BEAN TECHNOLOGIES (JBT)
Bid Ask Last Change Volume P/E Market Cap
105.06 105.07 105.09 +0.98 148K 42 3.4B

JBT Dividend-Like Income Using Covered Calls

With JBT at 105.09, 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% 3.15 0.9
5% 5.25 1.4
10% 10.51 2.9

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 JBT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 110.00 0.30 5 6.0 4.93 (4.7%)
Nov 16 125.00 0.30 33 0.9 19.93 (19.0%)
5% Yield On JBT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 110.00 0.30 5 6.0 4.93 (4.7%)
Nov 16 120.00 0.75 33 2.3 14.93 (14.2%)
10% Yield On JBT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 110.00 0.30 5 6.0 4.93 (4.7%)
Nov 16 115.00 1.70 33 5.2 9.93 (9.4%)

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