STBA Dividend

S&T Bancorp, Inc dividend

Although STBA has a dividend of 0.27 with an ex-dividend date of Jul 31, you can sell covered calls on S&T Bancorp, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:05 AM ET):

S&T Bancorp, Inc (STBA)
Bid Ask Last Change Volume P/E Market Cap
36.88 36.97 36.95 -0.02 4K 13 1.3B

STBA Dividend-Like Income Using Covered Calls

With STBA at 36.95, 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% 1.11 0.3
5% 1.85 0.5
10% 3.70 1.0

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 STBA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 40.00 0.65 185 0.4 3.03 (8.2%)

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