CAC Dividend Type Payments

CAMDEN NATIONAL dividend

Although CAC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CAMDEN NATIONAL to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

CAMDEN NATIONAL (CAC)
Bid Ask Last Change Volume P/E Market Cap
45.17 45.17 45.17 -0.42 31K 22 0.7B

CAC Dividend-Like Income Using Covered Calls

With CAC at 45.17, 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% 1.36 0.4
5% 2.26 0.6
10% 4.52 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:

3% Yield On CAC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 45.00 0.45 36 0.8 0.00 (0.0%)
Dec 21 45.00 1.45 127 1.0 0.00 (0.0%)
5% Yield On CAC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 45.00 0.45 36 0.8 0.00 (0.0%)
Dec 21 45.00 1.45 127 1.0 0.00 (0.0%)

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Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
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5.XLF dividend 10.GDX dividend   5.GPS dividend

Want more examples? CAAS Dividend | CACC Dividend