SYBT Dividend Type Payments

Stock Yards Bancorp, Inc. dividend

Although SYBT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Stock Yards Bancorp, 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):

Stock Yards Bancorp, Inc. (SYBT)
Bid Ask Last Change Volume P/E Market Cap
76.50 128.81 80.63 +1.65 207K 19 2.3B

SYBT Dividend-Like Income Using Covered Calls

With SYBT at 80.63, 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% 2.42 0.7
5% 4.03 1.1
10% 8.06 2.2

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:

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Jul 18 Expiration     Top 5 High Yield
1.NVDA dividend 6.GLD dividend   1.COGT dividend
2.SLV dividend 7.AAPL dividend   2.STZ dividend
3.SPY dividend 8.TLT dividend   3.IREN dividend
4.IWM dividend 9.FXI dividend   4.CIFR dividend
5.TSLA dividend 10.QQQ dividend   5.IONQ dividend

Want more examples? SXT Dividend | SYF Dividend