KKR Dividend Type Payments
Although KKR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on KKR & Co. Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:55 AM ET):
KKR & Co. Inc. (KKR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
149.10 | 149.29 | 149.20 | +4.80 | 926K | 68 | 129B |
KKR Dividend-Like Income Using Covered Calls
With KKR at 149.20, here's a table showing how big the annual "dividend" (i.e. 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% | 4.48 | 1.2 |
5% | 7.46 | 2.0 |
10% | 14.92 | 4.1 |
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 KKR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 3 | 149.00 | 4.20 | 16 | 24.4 | 0.00 (0.0%) | |
Oct 10 | 149.00 | 5.10 | 23 | 20.9 | 0.00 (0.0%) |
5% Yield On KKR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 3 | 149.00 | 4.20 | 16 | 24.4 | 0.00 (0.0%) | |
Oct 10 | 149.00 | 5.10 | 23 | 20.9 | 0.00 (0.0%) |
10% Yield On KKR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 3 | 149.00 | 4.20 | 16 | 24.4 | 0.00 (0.0%) | |
Oct 10 | 149.00 | 5.10 | 23 | 20.9 | 0.00 (0.0%) |
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Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IBIT dividend | 1. | QURE dividend | |
2. | SPY dividend | 7. | IWM dividend | 2. | AEVA dividend | |
3. | PCG dividend | 8. | EEM dividend | 3. | OPEN dividend | |
4. | TSLA dividend | 9. | SLV dividend | 4. | GRAL dividend | |
5. | QQQ dividend | 10. | FXI dividend | 5. | OMI dividend |
Want more examples? KIM Dividend | KLAC Dividend