NWSA Dividend Type Payments

News Corporation - Class A dividend

Although NWSA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on News Corporation - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:50 AM ET):

News Corporation - Class A (NWSA)
Bid Ask Last Change Volume P/E Market Cap
27.93 27.94 27.93 +0.32 860K 45 16B

NWSA Dividend-Like Income Using Covered Calls

With NWSA at 27.93, 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% 0.84 0.2
5% 1.40 0.4
10% 2.79 0.8

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 NWSA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 30.00 0.10 29 0.3 2.06 (7.4%)
Apr 17 30.00 0.95 119 0.8 2.06 (7.4%)
5% Yield On NWSA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 30.00 0.95 119 0.8 2.06 (7.4%)
Jul 18 30.00 1.60 211 0.8 2.06 (7.4%)
10% Yield On NWSA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 30.00 0.95 119 0.8 2.06 (7.4%)

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