STT Dividend

State Street Corporation dividend

Although STT has a dividend of 0.76 with an ex-dividend date of Apr 1, you can sell covered calls on State Street Corporation 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):

State Street Corporation (STT)
Bid Ask Last Change Volume P/E Market Cap
97.19 100.00 99.23 +1.71 3.7M 12 28B

STT Dividend-Like Income Using Covered Calls

With STT at 99.23, 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% 2.98 0.8
5% 4.96 1.4
10% 9.92 2.7

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 STT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 100.00 6.50 169 3.8 0.00 (0.0%)
May 16 100.00 2.10 78 2.7 0.00 (0.0%)
5% Yield On STT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 100.00 6.50 169 3.8 0.00 (0.0%)
May 16 100.00 2.10 78 2.7 0.00 (0.0%)
10% Yield On STT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 100.00 6.50 169 3.8 0.00 (0.0%)
Apr 17 100.00 1.50 49 3.1 0.00 (0.0%)

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.KWEB dividend   1.BBAI dividend
2.SPY dividend 7.QQQ dividend   2.TGTX dividend
3.FXI dividend 8.INTC dividend   3.CIFR dividend
4.IWM dividend 9.TLT dividend   4.WOLF dividend
5.EEM dividend 10.SLV dividend   5.GAP dividend

Want more examples? STRO Dividend | STWD Dividend