TNET Dividend Type Payments

TriNet Group, Inc dividend

Although TNET has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on TriNet Group, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

TriNet Group, Inc (TNET)
Bid Ask Last Change Volume P/E Market Cap
59.73 72.29 72.29 +1.22 179K 25 5.0B

TNET Dividend-Like Income Using Covered Calls

With TNET at 72.29, 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% 2.17 0.6
5% 3.61 1.0
10% 7.23 2.0

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 TNET Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 85.00 0.25 30 0.8 12.71 (17.6%)
Sep 20 85.00 0.55 65 0.8 12.71 (17.6%)
5% Yield On TNET Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 80.00 0.75 30 2.5 7.71 (10.7%)
Sep 20 80.00 1.35 65 2.1 7.71 (10.7%)
10% Yield On TNET Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 80.00 0.75 30 2.5 7.71 (10.7%)
Sep 20 80.00 1.35 65 2.1 7.71 (10.7%)

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