PFC Dividend Type Payments

Although PFC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Premier Financial Corp. 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):

Premier Financial Corp. (PFC)
Bid Ask Last Change Volume P/E Market Cap
24.65 40.97 25.60 +0.64 168K 8.1 0.9B

PFC Dividend-Like Income Using Covered Calls

With PFC at 25.60, 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% 0.77 0.2
5% 1.28 0.4
10% 2.56 0.7

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 Aug 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.SPY dividend   1.NKLA dividend
2.IWM dividend 7.SIRI dividend   2.SNAP dividend
3.FXI dividend 8.AAPL dividend   3.ENVX dividend
4.TSLA dividend 9.AMZN dividend   4.HUMA dividend
5.QQQ dividend 10.SLV dividend   5.CLSK dividend

Want more examples? PFBC Dividend | PFE Dividend