PBF Dividend

Although PBF has a dividend of 0.28 with an ex-dividend date of Nov 14, 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
33.86	35.65	35.31	+0.22	2.5M	-	4.1B

PBF Dividend-Like Income Using Covered Calls

With PBF at 35.31, 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%	1.06	0.3
5%	1.77	0.5
10%	3.53	1.0

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
Dec 19	36.00	2.70	46	5.9	0.35 (1.0%)
Nov 21	36.00	1.40	18	7.8	0.35 (1.0%)

5% Yield On PBF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	36.00	2.70	46	5.9	0.35 (1.0%)
Nov 21	36.00	1.40	18	7.8	0.35 (1.0%)

10% Yield On PBF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	36.00	2.70	46	5.9	0.35 (1.0%)
Nov 21	36.00	1.40	18	7.8	0.35 (1.0%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	INTC dividend	1.	PINS dividend
2.	KVUE dividend	7.	TLT dividend	2.	UPST dividend
3.	NVDA dividend	8.	ASST dividend	3.	SMR dividend
4.	SLV dividend	9.	HYG dividend	4.	SMCI dividend
5.	GLD dividend	10.	EEM dividend	5.	TTD dividend

Want more examples? PBE Dividend | PBH Dividend