KFY Dividend Type Payments

Korn/Ferry Intl dividend

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
45.66 52.80 45.67 -0.36 104K 28 2.6B

KFY Dividend-Like Income Using Covered Calls

With KFY at 45.67, 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% 1.37 0.4
5% 2.28 0.6
10% 4.57 1.3

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
Dec 20 55.00 0.90 213 0.4 2.20 (4.8%)

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