PFS Dividend Type Payments

Provident Financial Services, Inc dividend

Although PFS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Provident Financial Services, 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):

Provident Financial Services, Inc (PFS)
Bid Ask Last Change Volume P/E Market Cap
17.43 18.12 17.75 -0.39 554K 17 2.4B

PFS Dividend-Like Income Using Covered Calls

With PFS at 17.75, 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% 0.53 0.1
5% 0.89 0.2
10% 1.78 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:

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

 
 
Top 10 Open Interest For Mar 21 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.LUNR dividend
2.SPY dividend 7.INTC dividend   2.HIMS dividend
3.FXI dividend 8.QQQ dividend   3.ZETA dividend
4.EEM dividend 9.SLV dividend   4.WOLF dividend
5.KWEB dividend 10.TLT dividend   5.DNA dividend

Want more examples? PFM Dividend | PFSI Dividend