KIM Dividend

KIMCO REALTY dividend

Although KIM has a dividend of 0.28 with an ex-dividend date of Oct 1, you can sell covered calls on KIMCO REALTY 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):

KIMCO REALTY (KIM)
Bid Ask Last Change Volume P/E Market Cap
16.17 16.41 16.40 +0.29 2.9M 15 6.8B

KIM Dividend-Like Income Using Covered Calls

With KIM at 16.40, 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% 0.49 0.1
5% 0.82 0.2
10% 1.64 0.4

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 KIM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 17.50 0.10 39 0.3 1.09 (6.6%)
Oct 19 17.50 0.15 67 0.2 1.09 (6.6%)
5% Yield On KIM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 17.50 0.10 39 0.3 1.09 (6.6%)
Jan 18 17.50 0.40 158 0.3 1.09 (6.6%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
1.SPY dividend 6.BAC dividend   1.M dividend
2.EEM dividend 7.AABA dividend   2.UVXY dividend
3.QQQ dividend 8.FXI dividend   3.JWN dividend
4.SPX dividend 9.FB dividend   4.CGC dividend
5.XLF dividend 10.GLD dividend   5.A dividend

Want more examples? KIE Dividend | KIN Dividend