CAC Dividend

Although CAC has a dividend of 0.42 with an ex-dividend date of Oct 15, 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 4:16 PM ET):

Camden National Corporation (CAC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
36.00	39.42	37.01	+0.55	99K	12	0.6B

CAC Dividend-Like Income Using Covered Calls

With CAC at 37.01, 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%	1.11	0.3
5%	1.85	0.5
10%	3.70	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
Oct 17	40.00	0.05	5	1.0	0.58 (1.6%)

5% Yield On CAC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	40.00	0.05	5	1.0	0.58 (1.6%)

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Top 10 Open Interest For Oct 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	TSLA dividend	1.	ARCT dividend
2.	IBIT dividend	7.	INTC dividend	2.	NVTS dividend
3.	GLD dividend	8.	QQQ dividend	3.	HIVE dividend
4.	SPY dividend	9.	IWM dividend	4.	AAOI dividend
5.	SLV dividend	10.	AMZN dividend	5.	BTBT dividend

Want more examples? CAAS Dividend | CACC Dividend