NTR Dividend

Although NTR has a dividend of 0.40 with an ex-dividend date of Sep 27, you can sell covered calls on NUTRIEN LTD 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):

NUTRIEN LTD (NTR)
Bid Ask Last Change Volume P/E Market Cap
54.99 56.34 54.99 -1.36 1.5M 20 34B

NTR Dividend-Like Income Using Covered Calls

With NTR at 54.99, 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% 1.65 0.5
5% 2.75 0.8
10% 5.50 1.5

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 NTR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 24 57.50 0.10 10 1.0 1.16 (2.1%)
Aug 31 58.00 0.10 17 0.6 1.66 (3.0%)
5% Yield On NTR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 24 57.50 0.10 10 1.0 1.16 (2.1%)
Aug 31 57.50 0.15 17 0.9 1.16 (2.1%)
10% Yield On NTR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 24 56.50 0.25 10 2.5 0.16 (0.3%)
Aug 31 56.50 0.35 17 2.1 0.16 (0.3%)

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Want more examples? NTP Dividend | NTRA Dividend