CAPL Dividend

Although CAPL has a dividend of 0.53 with an ex-dividend date of May 5, you can sell covered calls on CrossAmerica Partners LP Common Units representing limited partner inter to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:05 AM ET):

CrossAmerica Partners LP Common Units representing limited partner inter (CAPL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
24.01	24.32	24.07	-0.13	3K	47	0.9B

CAPL Dividend-Like Income Using Covered Calls

With CAPL at 24.07, 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%	0.72	0.2
5%	1.20	0.3
10%	2.41	0.7

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 CAPL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	25.00	0.05	15	0.3	0.68 (2.8%)
Oct 17	25.00	0.80	169	0.5	0.68 (2.8%)

5% Yield On CAPL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	25.00	0.05	15	0.3	0.68 (2.8%)
Oct 17	25.00	0.80	169	0.5	0.68 (2.8%)

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Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	ZETA dividend
2.	SPY dividend	7.	FXI dividend	2.	WOLF dividend
3.	TLT dividend	8.	GLD dividend	3.	RDDT dividend
4.	SLV dividend	9.	TSLA dividend	4.	IONQ dividend
5.	QQQ dividend	10.	INTC dividend	5.	APP dividend

Want more examples? CAPE Dividend | CAPR Dividend