CASY Dividend

CASEYS GENERAL STORES dividend

Although CASY has a dividend of 0.29 with an ex-dividend date of Oct 31, you can sell covered calls on CASEYS GENERAL STORES 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):

CASEYS GENERAL STORES (CASY)
Bid Ask Last Change Volume P/E Market Cap
112.00 132.79 128.27 +1.10 395K 14 4.7B

CASY Dividend-Like Income Using Covered Calls

With CASY at 128.27, 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% 3.85 1.1
5% 6.41 1.8
10% 12.83 3.5

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 CASY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 135.00 0.45 30 1.5 2.21 (1.7%)
Nov 16 135.00 1.35 58 2.3 2.21 (1.7%)
5% Yield On CASY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 135.00 1.35 58 2.3 2.21 (1.7%)
Feb 15 140.00 2.80 149 1.9 7.21 (5.6%)

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