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 Wed 4:16 PM ET):

News Corporation - Class B (NWS)
Bid Ask Last Change Volume P/E Market Cap
29.34 29.98 29.92 -0.03 731K - 17B

NWS Dividend-Like Income Using Covered Calls

With NWS at 29.92, 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% 0.90 0.2
5% 1.50 0.4
10% 2.99 0.8

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
Nov 21 30.00 0.95 38 2.5 0.02 (0.1%)
Jan 16 30.00 0.45 94 0.5 0.02 (0.1%)
5% Yield On NWS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 30.00 0.95 38 2.5 0.02 (0.1%)
Jan 16 30.00 0.45 94 0.5 0.02 (0.1%)
10% Yield On NWS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 30.00 0.95 38 2.5 0.02 (0.1%)

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