OMI Dividend Type Payments

Owens & Minor, Inc. dividend

Although OMI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Owens & Minor, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Owens & Minor, Inc. (OMI)
Bid Ask Last Change Volume P/E Market Cap
11.87 12.66 12.26 -0.01 446K - 0.9B

OMI Dividend-Like Income Using Covered Calls

With OMI at 12.26, 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% 0.37 0.1
5% 0.61 0.2
10% 1.23 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:

3% Yield On OMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 14.00 0.10 36 0.3 1.34 (10.9%)
Jan 17 13.00 0.50 64 0.8 0.34 (2.8%)
5% Yield On OMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 14.00 0.10 36 0.3 1.34 (10.9%)
Jan 17 13.00 0.50 64 0.8 0.34 (2.8%)
10% Yield On OMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 13.00 0.50 64 0.8 0.34 (2.8%)
Jun 20 13.00 1.40 218 0.6 0.34 (2.8%)

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