ANF Dividend Type Payments
Although ANF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Abercrombie & Fitch Company 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):
Abercrombie & Fitch Company (ANF) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
75.05 | 77.25 | 76.52 | -2.17 | 2.6M | 7.8 | 4.0B |
ANF Dividend-Like Income Using Covered Calls
With ANF at 76.52, 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 ANF Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 4 | 77.00 | 4.60 | 24 | 18.1 | 0.00 (0.0%) | |
Apr 11 | 100.00 | 0.30 | 31 | 1.0 | 22.75 (29.7%) |
5% Yield On ANF Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 4 | 77.00 | 4.60 | 24 | 18.1 | 0.00 (0.0%) | |
Apr 11 | 77.00 | 5.20 | 31 | 16.0 | 0.00 (0.0%) |
10% Yield On ANF Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 4 | 77.00 | 4.60 | 24 | 18.1 | 0.00 (0.0%) | |
Apr 11 | 77.00 | 5.20 | 31 | 16.0 | 0.00 (0.0%) |
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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? ANEW Dividend | ANGI Dividend