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 Thu 2:25 PM ET):
| First Citizens BancShares, Inc. - Class A (FCNCA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2,135.30 | 2,144.35 | 2,140.14 | -12.38 | 27K | 12 | 30B |
FCNCA Dividend-Like Income Using Covered Calls
With FCNCA at 2,140.14, 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% | 0.06 | 0.0 |
| 5% | 0.10 | 0.0 |
| 10% | 0.20 | 0.1 |
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 FCNCA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 2140.00 | 233.40 | 212 | 108.0 | 0.00 (0.0%) | |
| May 16 | 2140.00 | 171.00 | 121 | 137.7 | 0.00 (0.0%) | |
| 5% Yield On FCNCA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 2140.00 | 233.40 | 212 | 108.0 | 0.00 (0.0%) | |
| May 16 | 2140.00 | 171.00 | 121 | 137.7 | 0.00 (0.0%) | |
| 10% Yield On FCNCA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 2140.00 | 233.40 | 212 | 108.0 | 0.00 (0.0%) | |
| May 16 | 2140.00 | 171.00 | 121 | 137.7 | 0.00 (0.0%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | BVS dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | RCAT dividend | |
| 3. | SPY dividend | 8. | XLF dividend | 3. | SERV dividend | |
| 4. | AAPL dividend | 9. | IWM dividend | 4. | DNA dividend | |
| 5. | EEM dividend | 10. | TLT dividend | 5. | OZK dividend | |
Want more examples? FCN Dividend | FCOM Dividend
