ODP Dividend Type Payments

The ODP Corporation dividend

Although ODP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on The ODP Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:30 PM ET):

The ODP Corporation (ODP)
Bid Ask Last Change Volume P/E Market Cap
14.34 14.39 14.37 +0.04 434K - 0.4B

ODP Dividend-Like Income Using Covered Calls

With ODP at 14.37, 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% 0.43 0.1
5% 0.72 0.2
10% 1.44 0.4

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 ODP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 16.00 0.60 46 1.3 1.61 (11.2%)
Apr 17 15.00 0.25 17 1.5 0.61 (4.2%)
5% Yield On ODP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 16.00 0.60 46 1.3 1.61 (11.2%)
Apr 17 15.00 0.25 17 1.5 0.61 (4.2%)
10% Yield On ODP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 16.00 0.60 46 1.3 1.61 (11.2%)
Apr 17 15.00 0.25 17 1.5 0.61 (4.2%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Apr 17 Expiration     Top 5 High Yield
1.NVDA dividend 6.NIO dividend   1.HUT dividend
2.SPY dividend 7.IWM dividend   2.SOUN dividend
3.ASHR dividend 8.EEM dividend   3.EWTX dividend
4.SLV dividend 9.TLT dividend   4.QUBT dividend
5.QQQ dividend 10.TSLA dividend   5.OKLO dividend

Want more examples? ODFL Dividend | OEC Dividend