OMI Dividend Type Payments

Owens & Minor, Inc. dividend

Although OMI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Owens & Minor, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:50 AM ET):

Owens & Minor, Inc. (OMI)
Bid Ask Last Change Volume P/E Market Cap
5.45 5.46 5.46 +0.06 630K - 0.4B

OMI Dividend-Like Income Using Covered Calls

With OMI at 5.46, 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% 0.16 0.0
5% 0.27 0.1
10% 0.55 0.1

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 OMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 6.00 0.35 30 1.2 0.54 (9.9%)
Dec 19 10.00 0.15 93 0.2 4.54 (83.2%)
5% Yield On OMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 6.00 0.35 30 1.2 0.54 (9.9%)
Dec 19 10.00 0.15 93 0.2 4.54 (83.2%)
10% Yield On OMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 6.00 0.35 30 1.2 0.54 (9.9%)
Dec 19 10.00 0.15 93 0.2 4.54 (83.2%)

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