KNX Dividend Type Payments

Although KNX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Knight-Swift Transportation Holdings Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Knight-Swift Transportation Holdings Inc. (KNX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
42.25	43.47	42.73	-1.30	3.1M	47	7.1B

KNX Dividend-Like Income Using Covered Calls

With KNX at 42.73, 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%	1.28	0.4
5%	2.14	0.6
10%	4.27	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 KNX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	45.00	1.40	64	2.2	1.53 (3.6%)
Jul 18	45.00	0.30	36	0.8	1.53 (3.6%)

5% Yield On KNX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	45.00	1.40	64	2.2	1.53 (3.6%)
Jul 18	45.00	0.30	36	0.8	1.53 (3.6%)

10% Yield On KNX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	45.00	1.40	64	2.2	1.53 (3.6%)
Jun 20	45.00	0.20	8	2.5	1.53 (3.6%)

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Want more examples? KNSL Dividend | KO Dividend