CCEP Dividend Type Payments
Although CCEP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Coca-Cola Europacific Partners plc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Coca-Cola Europacific Partners plc (CCEP) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 91.00 |
94.25 |
91.94 |
+1.14 |
1.4M |
- |
41B |
CCEP Dividend-Like Income Using Covered Calls
With CCEP at 91.94, 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% |
2.76 |
0.8 |
| 5% |
4.60 |
1.3 |
| 10% |
9.19 |
2.5 |
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 CCEP Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
95.00 |
0.10 |
5 |
2.0 |
0.75 (0.8%) |
| May 15 |
95.00 |
3.20 |
152 |
2.1 |
0.75 (0.8%) |
| 5% Yield On CCEP Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
95.00 |
0.10 |
5 |
2.0 |
0.75 (0.8%) |
| May 15 |
95.00 |
3.20 |
152 |
2.1 |
0.75 (0.8%) |
| 10% Yield On CCEP Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Feb 20 |
95.00 |
1.75 |
68 |
2.6 |
0.75 (0.8%) |
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