SGC Dividend Type Payments

Superior Group of Companies, Inc. dividend

Although SGC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Superior Group of Companies, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 12:40 PM ET):

Superior Group of Companies, Inc. (SGC)
Bid Ask Last Change Volume P/E Market Cap
10.41 10.50 10.44 +0.18 21K 23 0.2B

SGC Dividend-Like Income Using Covered Calls

With SGC at 10.44, here's a table showing how big the annual "dividend" (i.e. 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% 0.31 0.1
5% 0.52 0.1
10% 1.04 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 Jul 18 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.COGT dividend
2.SLV dividend 7.TSLA dividend   2.CIFR dividend
3.SPY dividend 8.AAPL dividend   3.ENPH dividend
4.GLD dividend 9.FXI dividend   4.PTON dividend
5.TLT dividend 10.CLSK dividend   5.ENVX dividend

Want more examples? SFYX Dividend | SGDJ Dividend