ANDE Dividend

Although ANDE has a dividend of 0.20 with an ex-dividend date of Apr 1, you can sell covered calls on The Andersons, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

The Andersons, Inc. (ANDE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
40.00	43.18	41.34	-0.99	255K	13	1.4B

ANDE Dividend-Like Income Using Covered Calls

With ANDE at 41.34, 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%	1.24	0.3
5%	2.07	0.6
10%	4.13	1.1

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 ANDE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	45.00	0.40	37	1.1	1.82 (4.4%)
Sep 19	45.00	2.25	192	1.2	1.82 (4.4%)

5% Yield On ANDE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	45.00	0.40	37	1.1	1.82 (4.4%)
Sep 19	45.00	2.25	192	1.2	1.82 (4.4%)

10% Yield On ANDE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	45.00	2.25	192	1.2	1.82 (4.4%)
Jun 20	45.00	1.90	101	1.9	1.82 (4.4%)

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

Top 10 Open Interest For Mar 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	S dividend
2.	SPY dividend	7.	KWEB dividend	2.	PATH dividend
3.	IWM dividend	8.	INTC dividend	3.	GRPN dividend
4.	FXI dividend	9.	TSLA dividend	4.	RCAT dividend
5.	EEM dividend	10.	SLV dividend	5.	LUNR dividend

Want more examples? ANAB Dividend | ANET Dividend