CCL Dividend Type Payments

Carnival Corp dividend

Although CCL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Carnival Corp 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):

Carnival Corp (CCL)
Bid Ask Last Change Volume P/E Market Cap
57.15 57.54 57.35 +0.74 4.1M 13 41B

CCL Dividend-Like Income Using Covered Calls

With CCL at 57.35, 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% 1.72 0.5
5% 2.87 0.8
10% 5.74 1.6

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 CCL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 22 59.00 0.05 5 1.0 1.46 (2.5%)
Mar 29 62.00 0.10 12 0.8 4.46 (7.8%)
5% Yield On CCL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 22 59.00 0.05 5 1.0 1.46 (2.5%)
Mar 29 62.00 0.10 12 0.8 4.46 (7.8%)
10% Yield On CCL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 22 58.00 0.20 5 4.0 0.46 (0.8%)
Mar 29 61.00 0.20 12 1.7 3.46 (6.0%)

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Top 10 Open Interest For Apr 18 Expiration     Top 5 High Yield
1.SPY dividend 6.USO dividend   1.MU dividend
2.EEM dividend 7.BMY dividend   2.ACB dividend
3.SPX dividend 8.AAPL dividend   3.BCRX dividend
4.QQQ dividend 9.IWM dividend   4.CRON dividend
5.FXI dividend 10.NIO dividend   5.FDX dividend

Want more examples? CCK Dividend | CCLP Dividend