CCK Dividend Type Payments

CROWN HOLDINGS dividend

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

CROWN HOLDINGS (CCK)
Bid Ask Last Change Volume P/E Market Cap
41.13 42.60 41.12 +0.35 3.9M 18 5.5B

CCK Dividend-Like Income Using Covered Calls

With CCK at 41.12, 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% 1.23 0.3
5% 2.06 0.6
10% 4.11 1.1

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 CCK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 45.00 0.15 36 0.4 2.40 (5.8%)
Oct 19 46.00 0.30 64 0.5 3.40 (8.3%)
5% Yield On CCK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 44.00 0.30 36 0.8 1.40 (3.4%)
Oct 19 45.00 0.45 64 0.7 2.40 (5.8%)
10% Yield On CCK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 43.00 0.50 36 1.4 0.40 (1.0%)
Oct 19 43.00 1.05 64 1.6 0.40 (1.0%)

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