UMBF Dividend Type Payments
Although UMBF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on UMB Financial Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 3:30 PM ET):
| UMB Financial Corporation (UMBF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 109.11 | 109.25 | 109.22 | -1.10 | 438K | 14 | 5.4B |
UMBF Dividend-Like Income Using Covered Calls
With UMBF at 109.22, 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% | 3.28 | 0.9 |
| 5% | 5.46 | 1.5 |
| 10% | 10.92 | 3.0 |
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 UMBF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 17 | 110.00 | 0.10 | 8 | 1.3 | 0.75 (0.7%) | |
| Jun 20 | 110.00 | 8.80 | 162 | 5.4 | 0.75 (0.7%) | |
| 5% Yield On UMBF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 20 | 110.00 | 8.80 | 162 | 5.4 | 0.75 (0.7%) | |
| Feb 21 | 110.00 | 2.00 | 43 | 4.7 | 0.75 (0.7%) | |
| 10% Yield On UMBF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 20 | 110.00 | 8.80 | 162 | 5.4 | 0.75 (0.7%) | |
| Feb 21 | 110.00 | 2.00 | 43 | 4.7 | 0.75 (0.7%) | |
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | HUM dividend | |
| 2. | SLV dividend | 7. | XLF dividend | 2. | RCAT dividend | |
| 3. | AAPL dividend | 8. | IWM dividend | 3. | EVH dividend | |
| 4. | EEM dividend | 9. | TSLA dividend | 4. | SWTX dividend | |
| 5. | INTC dividend | 10. | TLT dividend | 5. | DNA dividend | |
Want more examples? ULTA Dividend | UMC Dividend
