SFNC Dividend Type Payments

Simmons First National Corporation dividend

Although SFNC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Simmons First National Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:20 AM ET):

Simmons First National Corporation (SFNC)
Bid Ask Last Change Volume P/E Market Cap
17.91 17.95 17.93 -0.09 482K 14 2.6B

SFNC Dividend-Like Income Using Covered Calls

With SFNC at 17.93, 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% 0.54 0.1
5% 0.90 0.2
10% 1.79 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 SFNC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 20.00 0.30 155 0.2 2.05 (11.4%)

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

 
 
Top 10 Open Interest For Nov 21 Expiration     Top 5 High Yield
1.IBIT dividend 6.GLD dividend   1.CRML dividend
2.KVUE dividend 7.TLT dividend   2.ABAT dividend
3.NVDA dividend 8.EEM dividend   3.ARDX dividend
4.SLV dividend 9.INTC dividend   4.ARCT dividend
5.HYG dividend 10.QQQ dividend   5.ARRY dividend

Want more examples? SFM Dividend | SFY Dividend