Kenvue: Maximizing Dividends With A Smart Covered Call Strategy [Seeking Alpha]
Kenvue Inc. (KVUE)
Company Research
Source: Seeking Alpha
The company operates in the stable Personal Care Products subsector of Consumer Staples and is expected to have modest growth and improving margins. The stock options' value is elevated compared to similar companies, making it a good opportunity for selling covered calls. Thesis Kenvue Inc. NYSE: KVUE ) represents an ideal candidate for a low-risk income-producing strategy of writing covered calls to enhance the dividend. In a previous article , I discussed how the riskiness of the underlying investment changes covered call option choices. The company operates in the highly stable Personal Care Products subsector of the economically low-sensitive Consumer Staples sector. Having spun out of Johnson & Johnson ( JNJ ) less than a year ago, I expect the company, which is profitable and owns well-known brands, to have modest growth and improving margins in the next few years. The $0.80 per share annualized dividend currently yields close to 4%, and I expect the payout to grow ov
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KVUE
News
- Kenvue Declares Quarterly Cash DividendBusiness Wire
- J&J Profit Beats Estimates as Pharma Sales Edge Out Street [BNN Bloomberg (Canada)]BNN Bloomberg
- Zimbabwe Recalls Tainted J&J's Cough Syrup Sold in Six African Nations [BNN Bloomberg (Canada)]BNN Bloomberg
- J&J's Tainted Cough Syrup Was Sold in Six African Countries [BNN Bloomberg (Canada)]BNN Bloomberg
- Kenvue Inc. (NYSE: KVUE) is now covered by analysts at Sanford C. Bernstein. They set an "underperform" rating and a $18.00 price target on the stock.MarketBeat
KVUE
Earnings
- 2/8/24 - Beat
KVUE
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- KVUE's page on the SEC website