CAC Dividend Type Payments

Camden National Corporation dividend

Although CAC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Camden National Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:50 AM ET):

Camden National Corporation (CAC)
Bid Ask Last Change Volume P/E Market Cap
38.40 38.63 38.55 -0.17 2K 12 0.7B

CAC Dividend-Like Income Using Covered Calls

With CAC at 38.55, here's a table showing how big the annual "dividend" (i.e. 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% 1.16 0.3
5% 1.93 0.5
10% 3.86 1.1

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
Oct 17 40.00 0.80 61 1.3 1.37 (3.6%)
Sep 19 40.00 0.25 33 0.8 1.37 (3.6%)
5% Yield On CAC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 40.00 0.80 61 1.3 1.37 (3.6%)
Sep 19 40.00 0.25 33 0.8 1.37 (3.6%)
10% Yield On CAC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 40.00 0.80 61 1.3 1.37 (3.6%)

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

 
 
Top 10 Open Interest For Sep 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.SLV dividend   1.IREN dividend
2.PCG dividend 7.FXI dividend   2.MBX dividend
3.IWM dividend 8.IBIT dividend   3.ATYR dividend
4.SPY dividend 9.QQQ dividend   4.BHVN dividend
5.EEM dividend 10.KWEB dividend   5.BBAI dividend

Want more examples? CAAS Dividend | CACC Dividend