PBF Dividend Type Payments

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

PBF Energy Inc. Class A (PBF)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
16.75	17.22	17.22	+0.14	2.5M	-	2.0B

PBF Dividend-Like Income Using Covered Calls

With PBF at 17.22, 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%	0.52	0.1
5%	0.86	0.2
10%	1.72	0.5

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 PBF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	18.00	0.55	18	3.1	0.78 (4.5%)
Jul 18	18.00	1.65	81	2.0	0.78 (4.5%)

5% Yield On PBF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	18.00	0.55	18	3.1	0.78 (4.5%)
Jul 18	18.00	1.65	81	2.0	0.78 (4.5%)

10% Yield On PBF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	18.00	0.55	18	3.1	0.78 (4.5%)
Jul 18	18.00	1.65	81	2.0	0.78 (4.5%)

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Want more examples? PBE Dividend | PBH Dividend