CAG Dividend

Although CAG has a dividend of 0.35 with an ex-dividend date of Oct 30, you can sell covered calls on ConAgra Brands, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:10 PM ET):

ConAgra Brands, Inc. (CAG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
18.31	18.32	18.32	-0.18	6.4M	11	8.8B

CAG Dividend-Like Income Using Covered Calls

With CAG at 18.32, 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%	0.55	0.2
5%	0.92	0.3
10%	1.83	0.5

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 CAG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 7	19.00	0.20	24	0.8	0.68 (3.7%)
Nov 14	18.50	0.40	31	1.3	0.18 (1.0%)

5% Yield On CAG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 7	19.00	0.20	24	0.8	0.68 (3.7%)
Nov 14	18.50	0.40	31	1.3	0.18 (1.0%)

10% Yield On CAG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 7	19.00	0.20	24	0.8	0.68 (3.7%)
Nov 14	18.50	0.40	31	1.3	0.18 (1.0%)

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Top 10 Open Interest For Oct 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	INTC dividend	1.	AREC dividend
2.	IBIT dividend	7.	SLV dividend	2.	ABAT dividend
3.	SPY dividend	8.	AMZN dividend	3.	NB dividend
4.	GLD dividend	9.	QQQ dividend	4.	NPWR dividend
5.	TSLA dividend	10.	OPEN dividend	5.	METC dividend

Want more examples? CAF Dividend | CAH Dividend