TRI Dividend Type Payments

Thomson Reuters Corp Ordinary Shares dividend

Although TRI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Thomson Reuters Corp Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Thomson Reuters Corp Ordinary Shares (TRI)
Bid Ask Last Change Volume P/E Market Cap
149.71 158.50 157.71 +3.25 343K - 107B

TRI Dividend-Like Income Using Covered Calls

With TRI at 157.71, 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% 4.73 1.3
5% 7.89 2.2
10% 15.77 4.3

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 TRI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 160.00 0.05 3 1.7 1.50 (1.0%)
Apr 17 160.00 4.30 93 4.6 1.50 (1.0%)
5% Yield On TRI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 160.00 4.30 93 4.6 1.50 (1.0%)
Jul 18 160.00 6.20 185 3.4 1.50 (1.0%)
10% Yield On TRI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 160.00 4.30 93 4.6 1.50 (1.0%)

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Want more examples? TRGP Dividend | TRIB Dividend