CCLP Dividend Type Payments

Although CCLP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on COMPRESSCO LP UNITS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 9:45 AM ET):

COMPRESSCO LP UNITS (CCLP)
Bid Ask Last Change Volume P/E Market Cap
5.90 5.91 5.91 +0.10 5K - 0.2B

CCLP Dividend-Like Income Using Covered Calls

With CCLP at 5.91, 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% 0.18 0.0
5% 0.30 0.1
10% 0.59 0.2

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:

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Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
1.SPY dividend 6.XLF dividend   1.NVDA dividend
2.EEM dividend 7.FB dividend   2.AMAT dividend
3.QQQ dividend 8.FXI dividend   3.JWN dividend
4.BAC dividend 9.GLD dividend   4.GDS dividend
5.SPX dividend 10.AABA dividend   5.TUR dividend

Want more examples? CCL Dividend | CCMP Dividend