CASS Dividend

Although CASS has a dividend of 0.30 with an ex-dividend date of Jun 4, you can sell covered calls on Cass Information Systems, Inc 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):

Cass Information Systems, Inc (CASS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
41.23	44.87	43.44	-0.27	51K	20	0.6B

CASS Dividend-Like Income Using Covered Calls

With CASS at 43.44, 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%	1.30	0.4
5%	2.17	0.6
10%	4.34	1.2

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 CASS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 21	45.00	0.80	58	1.4	0.13 (0.3%)
Sep 20	45.00	1.95	149	1.3	0.13 (0.3%)

5% Yield On CASS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 21	45.00	0.80	58	1.4	0.13 (0.3%)
Sep 20	45.00	1.95	149	1.3	0.13 (0.3%)

10% Yield On CASS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 21	45.00	0.80	58	1.4	0.13 (0.3%)
Sep 20	45.00	1.95	149	1.3	0.13 (0.3%)

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

Top 10 Open Interest For May 17 Expiration				Top 5 High Yield
1.	QQQ dividend	6.	EEM dividend	1.	WOLF dividend
2.	HYG dividend	7.	KWEB dividend	2.	FSLY dividend
3.	IWM dividend	8.	SLV dividend	3.	INTC dividend
4.	SPY dividend	9.	TSLA dividend	4.	GRPN dividend
5.	FXI dividend	10.	NVDA dividend	5.	PENN dividend

Want more examples? CASH Dividend | CASY Dividend