SNX Dividend Type Payments

TD SYNNEX Corporation dividend

Although SNX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on TD SYNNEX Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:40 AM ET):

TD SYNNEX Corporation (SNX)
Bid Ask Last Change Volume P/E Market Cap
116.75 116.85 116.82 +0.88 64K 17 10B

SNX Dividend-Like Income Using Covered Calls

With SNX at 116.82, 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% 3.50 1.0
5% 5.84 1.6
10% 11.68 3.2

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 SNX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 120.00 1.30 24 5.4 3.15 (2.7%)
Jun 21 120.00 2.85 59 4.8 3.15 (2.7%)
5% Yield On SNX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 120.00 1.30 24 5.4 3.15 (2.7%)
Jun 21 120.00 2.85 59 4.8 3.15 (2.7%)
10% Yield On SNX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 120.00 1.30 24 5.4 3.15 (2.7%)
Jun 21 120.00 2.85 59 4.8 3.15 (2.7%)

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Want more examples? SNV Dividend | SNY Dividend