UNM Dividend Type Payments

Unum Group dividend

Although UNM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Unum Group 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):

Unum Group (UNM)
Bid Ask Last Change Volume P/E Market Cap
72.22 80.00 76.50 +2.24 1.8M 14 12B

UNM Dividend-Like Income Using Covered Calls

With UNM at 76.50, 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% 2.30 0.6
5% 3.83 1.0
10% 7.65 2.1

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 UNM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 80.00 0.50 37 1.4 0.00 (0.0%)
Mar 20 80.00 1.90 100 1.9 0.00 (0.0%)
5% Yield On UNM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 80.00 0.50 37 1.4 0.00 (0.0%)
Mar 20 80.00 1.90 100 1.9 0.00 (0.0%)

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

 
 
Top 10 Open Interest For Dec 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.ONDS dividend
2.SPY dividend 7.TLT dividend   2.ASTS dividend
3.QQQ dividend 8.SLV dividend   3.SOUN dividend
4.IWM dividend 9.NFLX dividend   4.NKTR dividend
5.IBIT dividend 10.FXI dividend   5.OMER dividend

Want more examples? UNL Dividend | UNP Dividend