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 Thu 4:16 PM ET):

Korn/Ferry Intl (KFY)
Bid Ask Last Change Volume P/E Market Cap
37.90 40.00 39.69 +0.78 362K 22 2.2B

KFY Dividend-Like Income Using Covered Calls

With KFY at 39.69, 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% 1.19 0.3
5% 1.98 0.5
10% 3.97 1.1

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 KFY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 40.00 0.95 30 3.2 0.00 (0.0%)
Sep 20 45.00 0.40 65 0.6 5.00 (12.6%)
5% Yield On KFY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 40.00 0.95 30 3.2 0.00 (0.0%)
Sep 20 45.00 0.40 65 0.6 5.00 (12.6%)
10% Yield On KFY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 40.00 0.95 30 3.2 0.00 (0.0%)
Sep 20 40.00 1.95 65 3.0 0.00 (0.0%)

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