TRMK Dividend Type Payments

TRUSTMARK dividend

Although TRMK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on TRUSTMARK to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:40 PM ET):

Bid Ask Last Change Volume P/E Market Cap
32.26 32.28 32.26 +0.07 84K 17 2.2B

TRMK Dividend-Like Income Using Covered Calls

With TRMK at 32.26, 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% 0.97 0.3
5% 1.61 0.4
10% 3.23 0.9

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 TRMK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 15 35.00 0.40 123 0.3 2.72 (8.4%)
May 17 35.00 0.90 214 0.4 2.72 (8.4%)

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

Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
1.SPY dividend 6.BAC dividend   1.NBEV dividend
2.SPX dividend 7.MU dividend   2.CRON dividend
3.EEM dividend 8.FXI dividend   3.UVXY dividend
4.QQQ dividend 9.AMD dividend   4.TLRY dividend
5.PBR dividend 10.XLF dividend   5.NFLX dividend

Want more examples? TRMB Dividend | TRN Dividend