CFR Dividend Type Payments

Although CFR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cullen/Frost Bankers, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:20 PM ET):

Cullen/Frost Bankers, Inc. (CFR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
115.33	115.54	115.44	-2.19	315K	13	7.6B

CFR Dividend-Like Income Using Covered Calls

With CFR at 115.44, here's a table showing how big the annual "dividend" (i.e. 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%	3.46	0.9
5%	5.77	1.6
10%	11.54	3.2

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:

3% Yield On CFR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	115.00	2.85	17	13.6	0.00 (0.0%)
Oct 17	115.00	9.20	171	5.1	0.00 (0.0%)

5% Yield On CFR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	115.00	2.85	17	13.6	0.00 (0.0%)
Oct 17	115.00	9.20	171	5.1	0.00 (0.0%)

10% Yield On CFR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	115.00	2.85	17	13.6	0.00 (0.0%)
Oct 17	115.00	9.20	171	5.1	0.00 (0.0%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	ZETA dividend
2.	SPY dividend	7.	IWM dividend	2.	ENVX dividend
3.	TLT dividend	8.	FXI dividend	3.	RDDT dividend
4.	SLV dividend	9.	SNAP dividend	4.	TDOC dividend
5.	QQQ dividend	10.	TSLA dividend	5.	SMMT dividend

Want more examples? CFG Dividend | CG Dividend