CLX Dividend

Clorox Company (The) dividend

Although CLX has a dividend of 1.22 with an ex-dividend date of Jan 29, you can sell covered calls on Clorox Company (The) 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):

Clorox Company (The) (CLX)
Bid Ask Last Change Volume P/E Market Cap
159.00 164.03 161.72 -1.60 1.3M 57 20B

CLX Dividend-Like Income Using Covered Calls

With CLX at 161.72, 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% 4.85 1.3
5% 8.09 2.2
10% 16.17 4.4

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 CLX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 165.00 0.05 3 1.7 0.97 (0.6%)
Jan 10 165.00 0.40 24 1.7 0.97 (0.6%)
5% Yield On CLX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 165.00 2.00 31 6.5 0.97 (0.6%)
Apr 17 165.00 5.00 121 4.1 0.97 (0.6%)
10% Yield On CLX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 165.00 2.00 31 6.5 0.97 (0.6%)

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