FWRD Dividend Type Payments

Forward Air Corporation dividend

Although FWRD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Forward Air Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 9:45 AM ET):

Forward Air Corporation (FWRD)
Bid Ask Last Change Volume P/E Market Cap
15.01 15.49 15.25 -0.38 44K - 0.5B

FWRD Dividend-Like Income Using Covered Calls

With FWRD at 15.25, 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% 0.46 0.1
5% 0.76 0.2
10% 1.53 0.4

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 FWRD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 20.00 0.10 26 0.4 4.51 (29.6%)
Sep 19 17.50 2.15 152 1.4 2.01 (13.2%)
5% Yield On FWRD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 20.00 0.10 26 0.4 4.51 (29.6%)
Sep 19 17.50 2.15 152 1.4 2.01 (13.2%)
10% Yield On FWRD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 17.50 2.15 152 1.4 2.01 (13.2%)
Dec 19 17.50 2.65 243 1.1 2.01 (13.2%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For May 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.BHVN dividend
2.SPY dividend 7.GLD dividend   2.STLA dividend
3.TLT dividend 8.FXI dividend   3.VRT dividend
4.SLV dividend 9.TSLA dividend   4.ASTS dividend
5.QQQ dividend 10.KWEB dividend   5.UPST dividend

Want more examples? FWONK Dividend | FXA Dividend