TFSL Dividend Type Payments

TFS FINANCIAL dividend

Although TFSL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on TFS FINANCIAL to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:15 AM ET):

TFS FINANCIAL (TFSL)
Bid Ask Last Change Volume P/E Market Cap
15.39 15.40 15.40 +0.13 35K 48 4.3B

TFSL Dividend-Like Income Using Covered Calls

With TFSL at 15.40, 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% 0.46 0.1
5% 0.77 0.2
10% 1.54 0.4

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 Aug 17 Expiration     Top 5 High Yield
1.SPY dividend 6.XLF dividend   1.NVDA dividend
2.EEM dividend 7.FB dividend   2.JWN dividend
3.QQQ dividend 8.FXI dividend   3.UVXY dividend
4.BAC dividend 9.GLD dividend   4.AMAT dividend
5.SPX dividend 10.AABA dividend   5.ENPH dividend

Want more examples? TFLO Dividend | TFX Dividend