UTI Dividend Type Payments

Although UTI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Universal Technical Institute Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 1:05 PM ET):

Universal Technical Institute Inc (UTI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
33.57	33.62	33.61	+0.81	309K	28	1.8B

UTI Dividend-Like Income Using Covered Calls

With UTI at 33.61, 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%	1.01	0.3
5%	1.68	0.5
10%	3.36	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 UTI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	35.00	1.65	58	2.8	1.38 (4.1%)
Nov 21	35.00	1.10	30	3.7	1.38 (4.1%)

5% Yield On UTI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	35.00	1.65	58	2.8	1.38 (4.1%)
Nov 21	35.00	1.10	30	3.7	1.38 (4.1%)

10% Yield On UTI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	35.00	1.65	58	2.8	1.38 (4.1%)
Nov 21	35.00	1.10	30	3.7	1.38 (4.1%)

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