This happens because a dividend comes out of the stock price, so you would look to the January options as the December would very likely be expired before the dividend is paid.
Its other options for raising money include cutting its dividend - possibly when its results are published on 19 May - selling assets or demerging assets and putting some of the debts in these demerged assets.
After all, what are the other options for obtaining a 4.88% dividend yield backed by one of the most well-balanced (diversified revenue streams) on the planet.
Mr. Jackson's bet: that, because the strike price entitled an investor to own Kimberly-Clark shares at a price lower than the stock's current market price, the investor who bought the call options would exercise the contracts before the ex-dividend date to capture the company's 60 cent-a-share payout (recently increased to 66 cents).
But as shown in the tables below, investors seeking dividend growth, attractive yields, and strong operating gains still have some good options among the aristocrats.
The roundtable has been accused of ignoring some valuable components of pay, such as pension benefits and dividend payments on restricted shares held by bosses, and of understating the value of options and other equity grants made to them.