OSK Dividend Type Payments

OSHKOSH dividend

Although OSK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on OSHKOSH to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

OSHKOSH (OSK)
Bid Ask Last Change Volume P/E Market Cap
66.45 70.90 70.33 -0.31 525K 13 5.2B

OSK Dividend-Like Income Using Covered Calls

With OSK at 70.33, 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% 2.11 0.6
5% 3.52 1.0
10% 7.03 1.9

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 OSK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 75.00 0.45 33 1.4 4.10 (5.8%)
Oct 19 75.00 1.10 61 1.8 4.10 (5.8%)
5% Yield On OSK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 75.00 0.45 33 1.4 4.10 (5.8%)
Oct 19 75.00 1.10 61 1.8 4.10 (5.8%)
10% Yield On OSK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 75.00 1.95 89 2.2 4.10 (5.8%)
Jan 18 75.00 3.00 152 2.0 4.10 (5.8%)

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Want more examples? OSIS Dividend | OSPN Dividend