FELE Dividend Type Payments

Although FELE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Franklin Electric Co., 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):

Franklin Electric Co., Inc. (FELE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
39.83	159.29	99.31	-4.68	193K	26	4.8B

FELE Dividend-Like Income Using Covered Calls

With FELE at 99.31, 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%	2.98	0.8
5%	4.97	1.4
10%	9.93	2.7

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 Dec 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	NVDA dividend
2.	SPY dividend	7.	IWM dividend	2.	RGTI dividend
3.	XLF dividend	8.	KWEB dividend	3.	QUBT dividend
4.	QQQ dividend	9.	TLT dividend	4.	MU dividend
5.	FXI dividend	10.	TSLA dividend	5.	QBTS dividend

Want more examples? FE Dividend | FEM Dividend