CCI Dividend Type Payments

Crown Castle Inc. dividend

Although CCI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Crown Castle Inc. 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):

Crown Castle Inc. (CCI)
Bid Ask Last Change Volume P/E Market Cap
87.81 90.68 89.49 -0.41 4.2M - 40B

CCI Dividend-Like Income Using Covered Calls

With CCI at 89.49, 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% 2.68 0.7
5% 4.47 1.2
10% 8.95 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 CCI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 92.50 0.05 5 1.0 1.82 (2.0%)
Jan 16 92.50 1.05 33 3.2 1.82 (2.0%)
5% Yield On CCI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 92.50 1.05 33 3.2 1.82 (2.0%)
Apr 17 92.50 3.00 124 2.4 1.82 (2.0%)
10% Yield On CCI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 92.50 1.05 33 3.2 1.82 (2.0%)
Mar 20 92.50 2.95 96 3.1 1.82 (2.0%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Dec 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.NKTR dividend
2.SPY dividend 7.TLT dividend   2.TE dividend
3.IBIT dividend 8.TSLA dividend   3.HUT dividend
4.IWM dividend 9.SLV dividend   4.TLRY dividend
5.QQQ dividend 10.NFLX dividend   5.BHVN dividend

Want more examples? CCEP Dividend | CCJ Dividend