COTY Dividend Type Payments

Coty Inc. Class A dividend

Although COTY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Coty Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:30 AM ET):

Coty Inc. Class A (COTY)
Bid Ask Last Change Volume P/E Market Cap
7.07 7.08 7.08 +0.01 978K 79 12B

COTY Dividend-Like Income Using Covered Calls

With COTY at 7.08, 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% 0.21 0.1
5% 0.35 0.1
10% 0.71 0.2

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 COTY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 8.00 0.05 32 0.2 0.92 (13.0%)
May 16 10.00 0.15 179 0.1 2.92 (41.2%)
5% Yield On COTY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 8.00 0.05 32 0.2 0.92 (13.0%)
May 16 8.00 0.50 179 0.3 0.92 (13.0%)
10% Yield On COTY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 8.00 0.50 179 0.3 0.92 (13.0%)
Feb 21 8.00 0.25 95 0.3 0.92 (13.0%)

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