CASY Dividend Type Payments

Caseys General Stores, Inc. dividend

Although CASY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Caseys General Stores, 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):

Caseys General Stores, Inc. (CASY)
Bid Ask Last Change Volume P/E Market Cap
273.00 281.80 274.65 -0.03 175K 22 10B

CASY Dividend-Like Income Using Covered Calls

With CASY at 274.65, 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% 8.24 2.3
5% 13.73 3.8
10% 27.47 7.5

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
Dec 15 290.00 0.60 9 6.7 8.20 (3.0%)
Jan 19 290.00 2.80 44 6.4 8.20 (3.0%)
5% Yield On CASY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 15 290.00 0.60 9 6.7 8.20 (3.0%)
Jan 19 290.00 2.80 44 6.4 8.20 (3.0%)
10% Yield On CASY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 15 300.00 0.70 9 7.8 18.20 (6.6%)

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