ACI Dividend

Although ACI has a dividend of 0.15 with an ex-dividend date of Jan 24, you can sell covered calls on Albertsons Companies, Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Albertsons Companies, Inc. Class A (ACI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
19.61	20.39	19.64	-0.56	7.1M	11	12B

ACI Dividend-Like Income Using Covered Calls

With ACI at 19.64, 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%	0.59	0.2
5%	0.98	0.3
10%	1.96	0.5

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 ACI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 14	20.50	0.10	29	0.3	0.11 (0.6%)
Apr 17	21.00	0.45	91	0.5	0.61 (3.1%)

5% Yield On ACI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 14	20.50	0.10	29	0.3	0.11 (0.6%)
Apr 17	21.00	0.45	91	0.5	0.61 (3.1%)

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Want more examples? ACHC Dividend | ACIU Dividend