CAC Dividend Type Payments

Camden National Corp dividend

Although CAC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Camden National Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:10 PM ET):

Camden National Corp (CAC)
Bid Ask Last Change Volume P/E Market Cap
36.05 36.42 36.23 +36.23 22K - 0.0B

CAC Dividend-Like Income Using Covered Calls

With CAC at 36.23, 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% 1.09 0.3
5% 1.81 0.5
10% 3.62 1.0

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
Mar 15 40.00 0.40 96 0.4 3.58 (9.9%)

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

Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.DXPE dividend 6.NXTM dividend   1. dividend
2.NVT dividend 7.MTOR dividend   2. dividend
3.MSEX dividend 8.WLTW dividend   3. dividend
4.WGP dividend 9.EDZ dividend   4. dividend
5.ECH dividend 10.ODFL dividend   5. dividend

Want more examples? CAAS Dividend | CACC Dividend