B Dividend Type Payments
Although B has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Barnes Group, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:05 PM ET):
| Barnes Group, Inc. (B) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 46.57 | 46.58 | 46.57 | +0.03 | 236K | - | 2.4B |
B Dividend-Like Income Using Covered Calls
With B at 46.57, 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% | 1.40 | 0.4 |
| 5% | 2.33 | 0.6 |
| 10% | 4.66 | 1.3 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Nov 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | FXI dividend | 6. | IWM dividend | 1. | ANRO dividend | |
| 2. | NVDA dividend | 7. | TLT dividend | 2. | ENVX dividend | |
| 3. | SLV dividend | 8. | AAPL dividend | 3. | SNAP dividend | |
| 4. | EEM dividend | 9. | KWEB dividend | 4. | CPRI dividend | |
| 5. | SPY dividend | 10. | QQQ dividend | 5. | NNE dividend | |
Want more examples? AZZ Dividend | BA Dividend
