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 Fri 4:16 PM ET):

Coty Inc. Class A (COTY)
Bid Ask Last Change Volume P/E Market Cap
5.65 5.74 5.71 +0.06 6.5M 63 10B

COTY Dividend-Like Income Using Covered Calls

With COTY at 5.71, 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% 0.17 0.0
5% 0.29 0.1
10% 0.57 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
Aug 15 6.00 0.55 176 0.3 0.26 (4.6%)
May 16 6.00 0.35 85 0.4 0.26 (4.6%)
5% Yield On COTY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 6.00 0.55 176 0.3 0.26 (4.6%)
May 16 6.00 0.35 85 0.4 0.26 (4.6%)
10% Yield On COTY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 6.00 0.55 176 0.3 0.26 (4.6%)
May 16 6.00 0.35 85 0.4 0.26 (4.6%)

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