CE Dividend Type Payments

Celanese Corp Celanese Corp dividend

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

Celanese Corp Celanese Corp (CE)
Bid Ask Last Change Volume P/E Market Cap
100.50 103.15 101.64 -0.17 927K 11 13B

CE Dividend-Like Income Using Covered Calls

With CE at 101.64, 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% 3.05 0.8
5% 5.08 1.4
10% 10.16 2.8

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 CE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 110.00 0.40 36 1.1 6.85 (6.7%)
Sep 20 115.00 1.35 127 1.1 11.85 (11.7%)
5% Yield On CE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 105.00 1.55 36 4.3 1.85 (1.8%)
Sep 20 110.00 2.50 127 2.0 6.85 (6.7%)
10% Yield On CE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 105.00 1.55 36 4.3 1.85 (1.8%)
Sep 20 105.00 4.30 127 3.4 1.85 (1.8%)

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