RNST Dividend Type Payments

Renasant Corp dividend

Although RNST has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Renasant Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:15 PM ET):

Renasant Corp (RNST)
Bid Ask Last Change Volume P/E Market Cap
31.43 31.47 31.44 +0.37 93K - 0.0B

RNST Dividend-Like Income Using Covered Calls

With RNST at 31.44, 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% 0.94 0.3
5% 1.57 0.4
10% 3.14 0.9

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 RNST Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 35.00 0.10 33 0.3 3.53 (11.2%)
Mar 15 35.00 0.55 89 0.6 3.53 (11.2%)
5% Yield On RNST Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 35.00 0.55 89 0.6 3.53 (11.2%)
Jun 21 35.00 1.25 187 0.7 3.53 (11.2%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.SPY dividend 6.EWZ dividend   1. dividend
2.EEM dividend 7.FXI dividend   2. dividend
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4.QQQ dividend 9.BAC dividend   4. dividend
5.IWM dividend 10.VXX dividend   5. dividend

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