CBL Dividend Type Payments

CBL & Associates Properties, Inc. dividend

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

CBL & Associates Properties, Inc. (CBL)
Bid Ask Last Change Volume P/E Market Cap
36.70 38.97 36.83 -0.44 136K 18 2.3B

CBL Dividend-Like Income Using Covered Calls

With CBL at 36.83, 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% 1.10 0.3
5% 1.84 0.5
10% 3.68 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 CBL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 39.00 0.50 88 0.6 0.03 (0.1%)
5% Yield On CBL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 39.00 0.50 88 0.6 0.03 (0.1%)

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