SPR Dividend Type Payments

Spirit Aerosystems Holdings, Inc dividend

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

Spirit Aerosystems Holdings, Inc (SPR)
Bid Ask Last Change Volume P/E Market Cap
88.60 92.15 90.36 -0.13 965K 16 10B

SPR Dividend-Like Income Using Covered Calls

With SPR at 90.36, 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% 2.71 0.7
5% 4.52 1.2
10% 9.04 2.5

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 SPR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 97.50 0.20 24 0.8 5.35 (5.9%)
May 17 100.00 0.80 53 1.5 7.85 (8.7%)
5% Yield On SPR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 95.00 0.60 24 2.5 2.85 (3.2%)
May 17 100.00 0.80 53 1.5 7.85 (8.7%)
10% Yield On SPR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 95.00 0.60 24 2.5 2.85 (3.2%)
May 17 95.00 2.00 53 3.8 2.85 (3.2%)

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Want more examples? SPPP Dividend | SPRT Dividend