SCVL Dividend

Shoe Carnival, Inc. dividend

Although SCVL has a dividend of 0.14 with an ex-dividend date of Jan 13, you can sell covered calls on Shoe Carnival, 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):

Shoe Carnival, Inc. (SCVL)
Bid Ask Last Change Volume P/E Market Cap
29.00 30.94 30.35 -0.30 273K 11 0.8B

SCVL Dividend-Like Income Using Covered Calls

With SCVL at 30.35, 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% 0.91 0.2
5% 1.52 0.4
10% 3.04 0.8

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 SCVL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 35.00 2.10 162 1.3 4.06 (13.4%)
Feb 21 35.00 0.30 43 0.7 4.06 (13.4%)
5% Yield On SCVL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 35.00 2.10 162 1.3 4.06 (13.4%)
Feb 21 35.00 0.30 43 0.7 4.06 (13.4%)
10% Yield On SCVL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 35.00 2.10 162 1.3 4.06 (13.4%)
Mar 21 35.00 0.95 71 1.3 4.06 (13.4%)

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