KFY Dividend

Korn/Ferry Intl dividend

Although KFY has a dividend of 0.10 with an ex-dividend date of Dec 19, 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 Tue 4:16 PM ET):

Korn/Ferry Intl (KFY)
Bid Ask Last Change Volume P/E Market Cap
38.10 49.65 43.09 +1.05 432K - 0.0B

KFY Dividend-Like Income Using Covered Calls

With KFY at 43.09, 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% 1.29 0.4
5% 2.15 0.6
10% 4.31 1.2

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
Mar 15 50.00 0.85 88 1.0 0.35 (0.8%)
Jun 21 55.00 0.95 186 0.5 5.35 (12.4%)
5% Yield On KFY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 50.00 0.85 88 1.0 0.35 (0.8%)
Jun 21 50.00 1.95 186 1.0 0.35 (0.8%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
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