NYT Dividend

Although NYT has a dividend of 0.18 with an ex-dividend date of Jul 9, you can sell covered calls on New York Times Company (The) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

New York Times Company (The) (NYT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
52.95	57.00	57.12	+0.58	740K	31	9.2B

NYT Dividend-Like Income Using Covered Calls

With NYT at 57.12, 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%	1.71	0.5
5%	2.86	0.8
10%	5.71	1.6

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 NYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	60.00	1.45	107	1.4	3.00 (5.3%)
Sep 19	60.00	1.05	79	1.3	3.00 (5.3%)

5% Yield On NYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	60.00	1.45	107	1.4	3.00 (5.3%)
Sep 19	60.00	1.05	79	1.3	3.00 (5.3%)

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Top 10 Open Interest For Jul 18 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	QUBT dividend
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5.	TSLA dividend	10.	QQQ dividend	5.	SMMT dividend

Want more examples? NYMT Dividend | O Dividend