STC Dividend Type Payments

STEWART INFORMATION SERVICES dividend

Although STC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on STEWART INFORMATION SERVICES 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):

STEWART INFORMATION SERVICES (STC)
Bid Ask Last Change Volume P/E Market Cap
41.77 44.20 42.34 0.00 95K 22 1.0B

STC Dividend-Like Income Using Covered Calls

With STC at 42.34, 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% 1.27 0.3
5% 2.12 0.6
10% 4.23 1.2

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:

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Top 10 Open Interest For Nov 16 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.SNAP dividend
2.EWZ dividend 7.IWM dividend   2.AMD dividend
3.EEM dividend 8.FXI dividend   3.TWTR dividend
4.PBR dividend 9.VXX dividend   4.TSLA dividend
5.SPX dividend 10.BAC dividend   5.UVXY dividend

Want more examples? STBZ Dividend | STCN Dividend