STBA Dividend
Although STBA has a dividend of 0.36 with an ex-dividend date of Nov 13, 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 Fri 4:16 PM ET):
| S&T Bancorp, Inc. (STBA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 35.55 | 61.07 | 38.25 | +0.27 | 187K | 11 | 1.5B |
STBA Dividend-Like Income Using Covered Calls
With STBA at 38.25, 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% | 1.15 | 0.3 |
| 5% | 1.91 | 0.5 |
| 10% | 3.83 | 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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | ONDS dividend | |
| 2. | NVDA dividend | 7. | ASST dividend | 2. | NBIS dividend | |
| 3. | KVUE dividend | 8. | INTC dividend | 3. | OKLO dividend | |
| 4. | SLV dividend | 9. | SPY dividend | 4. | WULF dividend | |
| 5. | GLD dividend | 10. | HYG dividend | 5. | BE dividend | |
Want more examples? STAG Dividend | STC Dividend
