CHCO Dividend Type Payments

City Holding Company dividend

Although CHCO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on City Holding Company 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):

City Holding Company (CHCO)
Bid Ask Last Change Volume P/E Market Cap
102.43 122.00 121.45 +2.03 48K 14 1.7B

CHCO Dividend-Like Income Using Covered Calls

With CHCO at 121.45, 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% 3.64 1.0
5% 6.07 1.7
10% 12.15 3.3

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 CHCO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 125.00 1.50 61 2.5 3.00 (2.5%)
Mar 20 125.00 5.00 152 3.3 3.00 (2.5%)
5% Yield On CHCO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 125.00 1.50 61 2.5 3.00 (2.5%)
Mar 20 125.00 5.00 152 3.3 3.00 (2.5%)

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