NWS Dividend Type Payments

News Corporation - Class B dividend

Although NWS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on News Corporation - Class B 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):

News Corporation - Class B (NWS)
Bid Ask Last Change Volume P/E Market Cap
29.04 34.61 31.90 +0.63 282K - 18B

NWS Dividend-Like Income Using Covered Calls

With NWS at 31.90, 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% 0.96 0.3
5% 1.60 0.4
10% 3.19 0.9

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 NWS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 35.00 0.50 78 0.6 0.39 (1.2%)
5% Yield On NWS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 35.00 0.50 78 0.6 0.39 (1.2%)

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