CHD Dividend Type Payments

Church & Dwight Company, Inc. dividend

Although CHD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Church & Dwight Company, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Church & Dwight Company, Inc. (CHD)
Bid Ask Last Change Volume P/E Market Cap
101.50 108.22 105.28 +2.42 2.1M 46 25B

CHD Dividend-Like Income Using Covered Calls

With CHD at 105.28, 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% 3.16 0.9
5% 5.26 1.4
10% 10.53 2.9

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 CHD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 110.00 2.20 94 2.3 1.78 (1.7%)
Jul 18 110.00 3.20 186 1.7 1.78 (1.7%)
5% Yield On CHD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 110.00 2.20 94 2.3 1.78 (1.7%)
Jul 18 110.00 3.20 186 1.7 1.78 (1.7%)
10% Yield On CHD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 21 110.00 1.20 39 3.1 1.78 (1.7%)

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