27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
TFS Financial (NASDAQ:TFSL) declared a dividend payable on June 22, 2021 to its shareholders as of May 27, 2021. It was also announced that shareholders of TFS Financial's stock as of June 8, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. TFS Financial, which has a current dividend per share of $0.28, has an ex-dividend date scheduled for June 7, 2021. That equates to a dividend yield of 5.17% at current price levels.
Understanding Ex-Dividend Dates'
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Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.
TFS Financial's Dividend Performance
Over the past year, TFS Financial has seen its dividend payouts remain the same and its yields trend downward. Last year on June 8, 2020 the company's payout sat at $0.28, which has returned to its value today. TFS Financial's dividend yield last year was 7.0%, which has since decreased by 1.83%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.