SAFT Dividend Type Payments

Safety Insurance Group, Inc dividend

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

Safety Insurance Group, Inc (SAFT)
Bid Ask Last Change Volume P/E Market Cap
84.26 84.26 84.26 -1.36 38K - 0.0B

SAFT Dividend-Like Income Using Covered Calls

With SAFT at 84.26, 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% 2.53 0.7
5% 4.21 1.2
10% 8.43 2.3

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:

3% Yield On SAFT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 85.00 0.15 5 3.0 0.74 (0.9%)
Jan 18 85.00 1.15 33 3.5 0.74 (0.9%)
5% Yield On SAFT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 85.00 0.15 5 3.0 0.74 (0.9%)
Jan 18 85.00 1.15 33 3.5 0.74 (0.9%)
10% Yield On SAFT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 85.00 0.15 5 3.0 0.74 (0.9%)
Jan 18 85.00 1.15 33 3.5 0.74 (0.9%)

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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
3.SPX dividend 8.GE dividend   3. dividend
4.QQQ dividend 9.BAC dividend   4. dividend
5.IWM dividend 10.VXX dividend   5. dividend

Want more examples? SAFM Dividend | SAGE Dividend