FCNCA Dividend Type Payments
Although FCNCA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on First Citizens BancShares, 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 4:16 PM ET):
| First Citizens BancShares, Inc. - Class A (FCNCA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 1,177.79 | 2,927.69 | 1,835.15 | -1.51 | 52K | 10 | 25B |
FCNCA Dividend-Like Income Using Covered Calls
With FCNCA at 1,835.15, 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% | 0.03 | 0.0 |
| 5% | 0.05 | 0.0 |
| 10% | 0.10 | 0.0 |
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:
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | WSM dividend | |
| 2. | SPY dividend | 7. | TSLA dividend | 2. | ZIM dividend | |
| 3. | IWM dividend | 8. | KWEB dividend | 3. | RGTI dividend | |
| 4. | FXI dividend | 9. | INTC dividend | 4. | OLLI dividend | |
| 5. | QQQ dividend | 10. | TLT dividend | 5. | APLD dividend | |
Want more examples? FCN Dividend | FCOM Dividend
