KFY Dividend Type Payments
Although KFY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on KORN/FERRY INTL to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| KORN/FERRY INTL (KFY) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 63.97 | 66.08 | 64.95 | -0.80 | 314K | 28 | 3.7B |
KFY Dividend-Like Income Using Covered Calls
With KFY at 64.95, 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% | 1.95 | 0.5 |
| 5% | 3.25 | 0.9 |
| 10% | 6.50 | 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 KFY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 21 | 70.00 | 1.05 | 38 | 2.8 | 3.92 (6.0%) | |
| Dec 21 | 75.00 | 1.25 | 129 | 1.0 | 8.92 (13.7%) | |
| 5% Yield On KFY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 21 | 70.00 | 1.05 | 38 | 2.8 | 3.92 (6.0%) | |
| Dec 21 | 75.00 | 1.25 | 129 | 1.0 | 8.92 (13.7%) | |
| 10% Yield On KFY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 21 | 70.00 | 1.05 | 38 | 2.8 | 3.92 (6.0%) | |
| Mar 15 | 70.00 | 3.80 | 213 | 1.8 | 3.92 (6.0%) | |
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| Top 10 Open Interest For Aug 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | XLF dividend | 1. | NVDA dividend | |
| 2. | EEM dividend | 7. | FB dividend | 2. | UVXY dividend | |
| 3. | QQQ dividend | 8. | FXI dividend | 3. | JWN dividend | |
| 4. | SPX dividend | 9. | GLD dividend | 4. | GDS dividend | |
| 5. | BAC dividend | 10. | AABA dividend | 5. | AMAT dividend | |
Want more examples? KFRC Dividend | KFYP Dividend
