PBF Dividend Type Payments

PBF Energy Inc. Class A dividend

Although PBF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PBF Energy Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:30 AM ET):

PBF Energy Inc. Class A (PBF)
Bid Ask Last Change Volume P/E Market Cap
16.99 17.00 16.99 -0.09 286K - 2.0B

PBF Dividend-Like Income Using Covered Calls

With PBF at 16.99, 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% 0.51 0.1
5% 0.85 0.2
10% 1.70 0.5

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 PBF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 17.00 1.00 18 5.6 0.00 (0.0%)
Jul 18 17.00 2.00 81 2.5 0.00 (0.0%)
5% Yield On PBF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 17.00 1.00 18 5.6 0.00 (0.0%)
Jul 18 17.00 2.00 81 2.5 0.00 (0.0%)
10% Yield On PBF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 17.00 1.00 18 5.6 0.00 (0.0%)
Jul 18 17.00 2.00 81 2.5 0.00 (0.0%)

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