SCI Dividend Type Payments

Service Corp Intl dividend

Although SCI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Service Corp Intl 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):

Service Corp Intl (SCI)
Bid Ask Last Change Volume P/E Market Cap
38.92 44.00 39.83 +0.48 745K 17 7.1B

SCI Dividend-Like Income Using Covered Calls

With SCI at 39.83, 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% 1.99 0.5
10% 3.98 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 SCI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 20 45.00 0.70 184 0.4 1.00 (2.5%)

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Want more examples? SCHZ Dividend | SCID Dividend