CENT Dividend Type Payments

Central Garden & Pet Co dividend

Although CENT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Central Garden & Pet Co 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):

Central Garden & Pet Co (CENT)
Bid Ask Last Change Volume P/E Market Cap
33.24 39.70 33.82 +33.82 161K - 0.0B

CENT Dividend-Like Income Using Covered Calls

With CENT at 33.82, 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% 1.01 0.3
5% 1.69 0.5
10% 3.38 0.9

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 CENT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 19 40.00 1.35 222 0.6 0.30 (0.9%)
5% Yield On CENT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 19 40.00 1.35 222 0.6 0.30 (0.9%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.DXPE dividend 6.NXTM dividend   1. dividend
2.NVT dividend 7.MTOR dividend   2. dividend
3.MSEX dividend 8.WLTW dividend   3. dividend
4.WGP dividend 9.EDZ dividend   4. dividend
5.ECH dividend 10.ODFL dividend   5. dividend

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