RVSB Dividend Type Payments

RIVERVIEW BANCORP dividend

Although RVSB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on RIVERVIEW BANCORP 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):

RIVERVIEW BANCORP (RVSB)
Bid Ask Last Change Volume P/E Market Cap
9.21 9.21 9.21 +0.07 24K 17 0.2B

RVSB Dividend-Like Income Using Covered Calls

With RVSB at 9.21, 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% 0.28 0.1
5% 0.46 0.1
10% 0.92 0.3

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:

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
1.SPY dividend 6.BAC dividend   1.M dividend
2.EEM dividend 7.AABA dividend   2.UVXY dividend
3.QQQ dividend 8.FXI dividend   3.JWN dividend
4.SPX dividend 9.FB dividend   4.CGC dividend
5.XLF dividend 10.GLD dividend   5.A dividend

Want more examples? RVNU Dividend | RWJ Dividend