EXPD Dividend Type Payments
Although EXPD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Expeditors International of Washington, Inc. 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):
| Expeditors International of Washington, Inc. (EXPD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 111.50 | 115.07 | 112.89 | +1.49 | 977K | 22 | 16B |
EXPD Dividend-Like Income Using Covered Calls
With EXPD at 112.89, 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% | 3.39 | 0.9 |
| 5% | 5.64 | 1.5 |
| 10% | 11.29 | 3.1 |
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 EXPD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 115.00 | 6.80 | 220 | 3.1 | 0.00 (0.0%) | |
| May 16 | 115.00 | 5.60 | 129 | 4.3 | 0.00 (0.0%) | |
| 5% Yield On EXPD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 115.00 | 6.80 | 220 | 3.1 | 0.00 (0.0%) | |
| May 16 | 115.00 | 5.60 | 129 | 4.3 | 0.00 (0.0%) | |
| 10% Yield On EXPD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 115.00 | 5.60 | 129 | 4.3 | 0.00 (0.0%) | |
| Jan 17 | 115.00 | 0.40 | 10 | 3.3 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | RGTI dividend | |
| 2. | SLV dividend | 7. | XLF dividend | 2. | IONQ dividend | |
| 3. | AAPL dividend | 8. | IWM dividend | 3. | U dividend | |
| 4. | EEM dividend | 9. | TSLA dividend | 4. | VIR dividend | |
| 5. | INTC dividend | 10. | TLT dividend | 5. | HCAT dividend | |
Want more examples? EXP Dividend | EXPE Dividend
