KMB Dividend Type Payments

Although KMB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Kimberly-Clark Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:35 PM ET):

Kimberly-Clark Corporation (KMB)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
121.24	121.28	121.26	+0.64	1.1M	17	40B

KMB Dividend-Like Income Using Covered Calls

With KMB at 121.26, 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%	3.64	1.0
5%	6.06	1.7
10%	12.13	3.3

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 KMB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	121.00	2.85	39	6.6	0.00 (0.0%)
Nov 7	121.00	2.50	11	20.2	0.00 (0.0%)

5% Yield On KMB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	121.00	2.85	39	6.6	0.00 (0.0%)
Nov 7	121.00	2.50	11	20.2	0.00 (0.0%)

10% Yield On KMB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	121.00	2.85	39	6.6	0.00 (0.0%)
Nov 7	121.00	2.50	11	20.2	0.00 (0.0%)

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