CAMT Dividend
Although CAMT has a dividend of 1.33 with an ex-dividend date of Apr 3, you can sell covered calls on Camtek Ltd. - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
Camtek Ltd. - Ordinary Shares (CAMT) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
82.00 | 84.38 | 83.77 | -3.28 | 422K | 53 | 3.8B |
CAMT Dividend-Like Income Using Covered Calls
With CAMT at 83.77, 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% | 2.51 | 0.7 |
5% | 4.19 | 1.1 |
10% | 8.38 | 2.3 |
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 CAMT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 19 | 85.00 | 2.15 | 23 | 9.3 | 0.62 (0.7%) | |
May 17 | 100.00 | 0.70 | 51 | 1.4 | 15.62 (18.6%) |
5% Yield On CAMT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 19 | 85.00 | 2.15 | 23 | 9.3 | 0.62 (0.7%) | |
May 17 | 100.00 | 0.70 | 51 | 1.4 | 15.62 (18.6%) |
10% Yield On CAMT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 19 | 85.00 | 2.15 | 23 | 9.3 | 0.62 (0.7%) | |
May 17 | 85.00 | 4.40 | 51 | 8.6 | 0.62 (0.7%) |
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Top 10 Open Interest For Apr 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | TLT dividend | 1. | MRNS dividend | |
2. | SPY dividend | 7. | HYG dividend | 2. | LUNR dividend | |
3. | QQQ dividend | 8. | AAPL dividend | 3. | SOUN dividend | |
4. | FXI dividend | 9. | EEM dividend | 4. | CLSK dividend | |
5. | SLV dividend | 10. | TSLA dividend | 5. | CIFR dividend |
Want more examples? CAMP Dividend | CAN Dividend