CATM Dividend Type Payments

Cardtronics Plc dividend

Although CATM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cardtronics Plc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Cardtronics Plc (CATM)
Bid Ask Last Change Volume P/E Market Cap
23.50 35.54 35.54 -0.06 200K 445 1.6B

CATM Dividend-Like Income Using Covered Calls

With CATM at 35.54, 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% 1.07 0.3
5% 1.78 0.5
10% 3.55 1.0

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 CATM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 45.00 0.15 24 0.6 9.46 (26.6%)
Jun 21 45.00 0.45 59 0.8 9.46 (26.6%)
5% Yield On CATM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 45.00 0.15 24 0.6 9.46 (26.6%)
Jun 21 45.00 0.45 59 0.8 9.46 (26.6%)
10% Yield On CATM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 40.00 0.80 24 3.3 4.46 (12.5%)
Jun 21 40.00 1.40 59 2.4 4.46 (12.5%)

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Top 10 Open Interest For May 17 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.GRUB dividend
2.COTY dividend 7.BAC dividend   2.TSLA dividend
3.EEM dividend 8.EWZ dividend   3.JNPR dividend
4.FXI dividend 9.XOP dividend   4.CLF dividend
5.SPX dividend 10.XLF dividend   5.FCX dividend

Want more examples? CAT Dividend | CATO Dividend