FOX Dividend

Although FOX has a dividend of 0.27 with an ex-dividend date of Mar 5, you can sell covered calls on Fox Corporation - Class B 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):

Fox Corporation - Class B (FOX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
52.75	54.09	53.01	-0.36	881K	-	24B

FOX Dividend-Like Income Using Covered Calls

With FOX at 53.01, 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%	1.59	0.4
5%	2.65	0.7
10%	5.30	1.5

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 FOX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	55.00	0.95	56	1.7	0.91 (1.7%)
Oct 17	55.00	3.30	239	1.4	0.91 (1.7%)

5% Yield On FOX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	55.00	0.95	56	1.7	0.91 (1.7%)
Oct 17	55.00	3.30	239	1.4	0.91 (1.7%)

10% Yield On FOX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	55.00	0.95	56	1.7	0.91 (1.7%)
Jul 18	55.00	2.35	148	1.6	0.91 (1.7%)

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Want more examples? FOVL Dividend | FOXA Dividend