KW Dividend Type Payments
Although KW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Kennedy-Wilson Holdings Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Kennedy-Wilson Holdings Inc. (KW) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 9.67 | 9.96 | 9.80 | -0.25 | 502K | - | 2.8B |
KW Dividend-Like Income Using Covered Calls
With KW at 9.80, 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% | 0.29 | 0.1 |
| 5% | 0.49 | 0.1 |
| 10% | 0.98 | 0.3 |
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:
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | XLF dividend | 1. | JSPR dividend | |
| 2. | SLV dividend | 7. | SPY dividend | 2. | QBTS dividend | |
| 3. | AAPL dividend | 8. | IWM dividend | 3. | QSI dividend | |
| 4. | EEM dividend | 9. | TSLA dividend | 4. | IONQ dividend | |
| 5. | INTC dividend | 10. | QQQ dividend | 5. | HCAT dividend | |
Want more examples? KVLE Dividend | KWEB Dividend
