ROL Dividend Type Payments

Rollins, Inc dividend

Although ROL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Rollins, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Rollins, Inc (ROL)
Bid Ask Last Change Volume P/E Market Cap
38.45 40.76 39.62 +0.27 751K 60 13B

ROL Dividend-Like Income Using Covered Calls

With ROL at 39.62, 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% 1.19 0.3
5% 1.98 0.5
10% 3.96 1.1

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:

3% Yield On ROL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 45.00 0.60 177 0.3 4.24 (10.7%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.Z dividend
2.EEM dividend 7.GE dividend   2.FSLR dividend
3.SPY dividend 8.LLY dividend   3.ROKU dividend
4.QQQ dividend 9.BAC dividend   4.IQ dividend
5.FXI dividend 10.GLD dividend   5.DBX dividend

Want more examples? ROKU Dividend | ROLL Dividend