RBCAA Dividend
Although RBCAA has a dividend of 0.45 with an ex-dividend date of Dec 19, you can sell covered calls on Republic Bancorp, 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 Mon 11:55 AM ET):
| Republic Bancorp, Inc. - Class A (RBCAA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 73.53 | 74.64 | 74.30 | +0.02 | 9K | 12 | 1.5B |
RBCAA Dividend-Like Income Using Covered Calls
With RBCAA at 74.30, 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% | 2.23 | 0.6 |
| 5% | 3.72 | 1.0 |
| 10% | 7.43 | 2.0 |
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 RBCAA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 75.00 | 1.60 | 152 | 1.1 | 0.36 (0.5%) | |
| 5% Yield On RBCAA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 75.00 | 1.60 | 152 | 1.1 | 0.36 (0.5%) | |
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | NKTR dividend | |
| 2. | SPY dividend | 7. | TLT dividend | 2. | OMER dividend | |
| 3. | IBIT dividend | 8. | TSLA dividend | 3. | SGML dividend | |
| 4. | IWM dividend | 9. | SLV dividend | 4. | TLRY dividend | |
| 5. | QQQ dividend | 10. | NFLX dividend | 5. | TE dividend | |
Want more examples? RBC Dividend | RC Dividend
