TRCO Dividend Type Payments

Although TRCO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Tribune Media Co to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:45 AM ET):

Tribune Media Co (TRCO)
Bid Ask Last Change Volume P/E Market Cap
46.10 46.11 46.11 +0.07 308K 10 4.0B

TRCO Dividend-Like Income Using Covered Calls

With TRCO at 46.11, 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% 1.38 0.4
5% 2.31 0.6
10% 4.61 1.3

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 Apr 18 Expiration     Top 5 High Yield
1.SPY dividend 6.USO dividend   1.NBEV dividend
2.EEM dividend 7.AAPL dividend   2.LULU dividend
3.SPX dividend 8.BMY dividend   3.BB dividend
4.QQQ dividend 9.EWZ dividend   4.SPWR dividend
5.FXI dividend 10.IWM dividend   5.CRON dividend

Want more examples? TRC Dividend | TREC Dividend