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 |
| 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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| Top 10 Open Interest For Jun 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | FXI dividend | 1. | ADSK dividend | |
| 2. | SPX dividend | 7. | BAC dividend | 2. | OSTK dividend | |
| 3. | EEM dividend | 8. | VXX dividend | 3. | MDT dividend | |
| 4. | QQQ dividend | 9. | AAPL dividend | 4. | NIO dividend | |
| 5. | EWZ dividend | 10. | EFA dividend | 5. | ROKU dividend | |
Want more examples? KFRC Dividend | KFYP Dividend
