SMBK Dividend Type Payments
Although SMBK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SmartFinancial, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 3:00 PM ET):
| SmartFinancial, Inc. (SMBK) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 33.92 | 34.00 | 33.92 | -0.82 | 88K | 14 | 0.6B |
SMBK Dividend-Like Income Using Covered Calls
With SMBK at 33.92, 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% | 1.02 | 0.3 |
| 5% | 1.70 | 0.5 |
| 10% | 3.39 | 0.9 |
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 SMBK Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 35.00 | 0.75 | 184 | 0.4 | 1.00 (2.9%) | |
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | INTC dividend | 1. | SNDX dividend | |
| 2. | IBIT dividend | 7. | QQQ dividend | 2. | HIVE dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | LAC dividend | |
| 4. | GLD dividend | 9. | AMD dividend | 4. | AMPX dividend | |
| 5. | TSLA dividend | 10. | SLV dividend | 5. | RCAT dividend | |
Want more examples? SMB Dividend | SMC Dividend
