KKR Dividend Type Payments
Although KKR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on KKR & Co. Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:45 AM ET):
KKR & Co. Inc. (KKR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
148.54 | 148.65 | 148.65 | +1.06 | 674K | 46 | 131B |
KKR Dividend-Like Income Using Covered Calls
With KKR at 148.65, 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% | 4.46 | 1.2 |
5% | 7.43 | 2.0 |
10% | 14.87 | 4.1 |
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 KKR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 27 | 148.00 | 2.10 | 5 | 29.0 | 0.00 (0.0%) | |
Jan 3 | 148.00 | 3.40 | 12 | 22.9 | 0.00 (0.0%) |
5% Yield On KKR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 27 | 148.00 | 2.10 | 5 | 29.0 | 0.00 (0.0%) | |
Jan 3 | 148.00 | 3.40 | 12 | 22.9 | 0.00 (0.0%) |
10% Yield On KKR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 27 | 148.00 | 2.10 | 5 | 29.0 | 0.00 (0.0%) | |
Jan 3 | 148.00 | 3.40 | 12 | 22.9 | 0.00 (0.0%) |
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Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | INTC dividend | 1. | NMRA dividend | |
2. | SLV dividend | 7. | SPY dividend | 2. | RGTI dividend | |
3. | AAPL dividend | 8. | TSLA dividend | 3. | QBTS dividend | |
4. | EEM dividend | 9. | IWM dividend | 4. | IREN dividend | |
5. | XLF dividend | 10. | TLT dividend | 5. | CLSK dividend |
Want more examples? KIRK Dividend | KLAC Dividend