RPM Dividend Type Payments

RPM International Inc. dividend

Although RPM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on RPM International 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):

RPM International Inc. (RPM)
Bid Ask Last Change Volume P/E Market Cap
99.89 105.05 100.76 -2.39 476K 21 13B

RPM Dividend-Like Income Using Covered Calls

With RPM at 100.76, 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% 3.02 0.8
5% 5.04 1.4
10% 10.08 2.8

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 RPM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 105.00 5.30 117 4.5 0.00 (0.0%)
May 16 105.00 1.40 26 5.2 0.00 (0.0%)
5% Yield On RPM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 105.00 5.30 117 4.5 0.00 (0.0%)
May 16 105.00 1.40 26 5.2 0.00 (0.0%)
10% Yield On RPM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 105.00 5.30 117 4.5 0.00 (0.0%)
May 16 105.00 1.40 26 5.2 0.00 (0.0%)

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

 
 
Top 10 Open Interest For May 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.STLA dividend
2.SPY dividend 7.GLD dividend   2.HOOD dividend
3.TLT dividend 8.FXI dividend   3.VRT dividend
4.SLV dividend 9.TSLA dividend   4.UPST dividend
5.QQQ dividend 10.KWEB dividend   5.RIOT dividend

Want more examples? RPG Dividend | RPRX Dividend