CA Dividend Type Payments

CA dividend

Although CA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CA to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 9:50 AM ET):

CA (CA)
Bid Ask Last Change Volume P/E Market Cap
44.12 44.13 44.12 +0.02 195K 39 18B

CA Dividend-Like Income Using Covered Calls

With CA at 44.12, here's a table showing how big the annual "dividend" (ie. 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% 1.32 0.4
5% 2.21 0.6
10% 4.41 1.2

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:

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
1.EEM dividend 6.GE dividend   1.CRON dividend
2.SPY dividend 7.EWZ dividend   2.GERN dividend
3.SPX dividend 8.VXX dividend   3.CGC dividend
4.QQQ dividend 9.FB dividend   4.MU dividend
5.XLF dividend 10.BABA dividend   5.ANAB dividend

Want more examples? C Dividend | CAAS Dividend