PFBC Dividend Type Payments

PR Bank dividend

Although PFBC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PR Bank to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:35 PM ET):

PR Bank (PFBC)
Bid Ask Last Change Volume P/E Market Cap
46.97 47.15 47.15 -0.78 27K - 0.0B

PFBC Dividend-Like Income Using Covered Calls

With PFBC at 47.15, 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% 1.41 0.4
5% 2.36 0.6
10% 4.72 1.3

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 PFBC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 50.00 0.80 150 0.5 2.85 (6.0%)
Sep 20 50.00 1.15 241 0.5 2.85 (6.0%)

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Top 10 Open Interest For Feb 15 Expiration     Top 5 High Yield
1.SPY dividend 6.AAPL dividend   1. dividend
2.EEM dividend 7.IWM dividend   2. dividend
3.SPX dividend 8.BAC dividend   3. dividend
4.QQQ dividend 9.EWZ dividend   4. dividend
5.FXI dividend 10.HYG dividend   5. dividend

Want more examples? PEZ Dividend | PFE Dividend