RBCAA Dividend
Although RBCAA has a dividend of 0.45 with an ex-dividend date of Sep 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 Thu 1:00 PM ET):
| Republic Bancorp, Inc. - Class A (RBCAA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 76.37 | 77.22 | 76.92 | +1.83 | 3K | 12 | 1.5B |
RBCAA Dividend-Like Income Using Covered Calls
With RBCAA at 76.92, 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% | 2.31 | 0.6 |
| 5% | 3.85 | 1.1 |
| 10% | 7.69 | 2.1 |
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 Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IBIT dividend | 1. | QURE dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | AEVA dividend | |
| 3. | PCG dividend | 8. | EEM dividend | 3. | OPEN dividend | |
| 4. | TSLA dividend | 9. | SLV dividend | 4. | OMI dividend | |
| 5. | QQQ dividend | 10. | FXI dividend | 5. | ARCT dividend | |
Want more examples? RBC Dividend | RC Dividend
