INTU Dividend

Although INTU has a dividend of 1.04 with an ex-dividend date of Jan 9, you can sell covered calls on Intuit Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:40 PM ET):

Intuit Inc. (INTU)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
651.16	652.34	651.75	-26.02	1.3M	66	0.2B

INTU Dividend-Like Income Using Covered Calls

With INTU at 651.75, 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%	19.55	5.4
5%	32.59	8.9
10%	65.18	17.9

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 INTU Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	650.00	7.30	3	165.3	0.00 (0.0%)
Dec 27	650.00	12.10	10	97.6	0.00 (0.0%)

5% Yield On INTU Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	650.00	7.30	3	165.3	0.00 (0.0%)
Dec 27	650.00	12.10	10	97.6	0.00 (0.0%)

10% Yield On INTU Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	650.00	7.30	3	165.3	0.00 (0.0%)
Dec 27	650.00	12.10	10	97.6	0.00 (0.0%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
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Want more examples? INTF Dividend | INVA Dividend