APOG Dividend

Apogee Enterprises, Inc. dividend

Although APOG has a dividend of 0.26 with an ex-dividend date of Jan 28, you can sell covered calls on Apogee Enterprises, Inc. 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):

Apogee Enterprises, Inc. (APOG)
Bid Ask Last Change Volume P/E Market Cap
50.01 51.50 50.75 -1.77 488K 11 1.2B

APOG Dividend-Like Income Using Covered Calls

With APOG at 50.75, 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% 1.52 0.4
5% 2.54 0.7
10% 5.08 1.4

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 APOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 55.00 4.30 218 2.0 3.50 (6.9%)
May 16 55.00 2.80 127 2.2 3.50 (6.9%)
5% Yield On APOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 55.00 4.30 218 2.0 3.50 (6.9%)
May 16 55.00 2.80 127 2.2 3.50 (6.9%)
10% Yield On APOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 55.00 4.30 218 2.0 3.50 (6.9%)
May 16 55.00 2.80 127 2.2 3.50 (6.9%)

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