CAL Dividend Type Payments

CALERES INC dividend

Although CAL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CALERES INC 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):

CALERES INC (CAL)
Bid Ask Last Change Volume P/E Market Cap
30.43 37.00 33.13 +1.03 319K 15 1.4B

CAL Dividend-Like Income Using Covered Calls

With CAL at 33.13, 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% 0.99 0.3
5% 1.66 0.5
10% 3.31 0.9

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 CAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 15 40.00 0.50 117 0.4 3.00 (9.1%)
May 17 40.00 1.25 208 0.6 3.00 (9.1%)
5% Yield On CAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 40.00 1.25 208 0.6 3.00 (9.1%)

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

 
Top 10 Open Interest For Nov 16 Expiration     Top 5 High Yield
1.SPY dividend 6.SPX dividend   1.AMD dividend
2.EWZ dividend 7.VXX dividend   2.SNAP dividend
3.EEM dividend 8.FXI dividend   3.TWTR dividend
4.PBR dividend 9.IWM dividend   4.UVXY dividend
5.QQQ dividend 10.BAC dividend   5.AKS dividend

Want more examples? CAKE Dividend | CALA Dividend