PEBO Dividend
Although PEBO has a dividend of 0.41 with an ex-dividend date of May 5, you can sell covered calls on Peoples Bancorp Inc. 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):
| Peoples Bancorp Inc. (PEBO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 23.57 | 30.03 | 29.46 | +0.36 | 116K | 8.3 | 1.0B |
PEBO Dividend-Like Income Using Covered Calls
With PEBO at 29.46, 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% | 0.88 | 0.2 |
| 5% | 1.47 | 0.4 |
| 10% | 2.95 | 0.8 |
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:
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | RDDT dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | WGS dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | SNAP dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | ZETA dividend | |
| 5. | QQQ dividend | 10. | IBIT dividend | 5. | ENVX dividend | |
Want more examples? PEB Dividend | PEG Dividend
