JCI Dividend Type Payments
Although JCI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Johnson Controls International plc Ordinary Share to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
Johnson Controls International plc Ordinary Share (JCI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
64.61 | 66.15 | 65.74 | +0.50 | 4.6M | 26 | 45B |
JCI Dividend-Like Income Using Covered Calls
With JCI at 65.74, 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% | 1.97 | 0.5 |
5% | 3.29 | 0.9 |
10% | 6.57 | 1.8 |
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 JCI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 67.50 | 0.15 | 9 | 1.7 | 1.35 (2.1%) | |
Oct 18 | 67.50 | 3.20 | 163 | 2.0 | 1.35 (2.1%) |
5% Yield On JCI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 67.50 | 0.15 | 9 | 1.7 | 1.35 (2.1%) | |
Oct 18 | 67.50 | 3.20 | 163 | 2.0 | 1.35 (2.1%) |
10% Yield On JCI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 18 | 67.50 | 3.20 | 163 | 2.0 | 1.35 (2.1%) | |
Jul 19 | 67.50 | 1.40 | 72 | 1.9 | 1.35 (2.1%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | EEM dividend | 1. | AAOI dividend | |
2. | SPY dividend | 7. | TSLA dividend | 2. | U dividend | |
3. | QQQ dividend | 8. | SLV dividend | 3. | SOUN dividend | |
4. | HYG dividend | 9. | TLT dividend | 4. | NVAX dividend | |
5. | FXI dividend | 10. | NVDA dividend | 5. | AKAM dividend |
Want more examples? JBT Dividend | JCTR Dividend