JKHY Dividend Type Payments

Although JKHY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Jack Henry & Associates, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:25 PM ET):

Jack Henry & Associates, Inc. (JKHY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
186.77	186.97	186.87	-0.78	253K	29	14B

JKHY Dividend-Like Income Using Covered Calls

With JKHY at 186.87, 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%	5.61	1.5
5%	9.34	2.6
10%	18.69	5.1

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 JKHY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	190.00	3.10	32	9.7	3.03 (1.6%)
Mar 20	190.00	6.50	95	6.8	3.03 (1.6%)

5% Yield On JKHY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	190.00	3.10	32	9.7	3.03 (1.6%)
Mar 20	190.00	6.50	95	6.8	3.03 (1.6%)

10% Yield On JKHY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	190.00	3.10	32	9.7	3.03 (1.6%)
Mar 20	190.00	6.50	95	6.8	3.03 (1.6%)

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