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
45.74 47.70 46.38 -0.54 261K 40 2.7B

KFY Dividend-Like Income Using Covered Calls

With KFY at 46.38, 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% 1.39 0.4
5% 2.32 0.6
10% 4.64 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
Nov 16 50.00 0.35 31 1.1 2.30 (5.0%)
Dec 21 55.00 0.50 66 0.8 7.30 (15.7%)
5% Yield On KFY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 50.00 0.35 31 1.1 2.30 (5.0%)
Dec 21 55.00 0.50 66 0.8 7.30 (15.7%)
10% Yield On KFY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 50.00 1.25 66 1.9 2.30 (5.0%)
Mar 15 50.00 1.95 150 1.3 2.30 (5.0%)

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