CHTR Dividend Type Payments
Although CHTR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Charter Communications, Inc. - Class A 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):
| Charter Communications, Inc. - Class A (CHTR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 263.00 | 268.31 | 267.80 | +4.60 | 1.7M | 7.2 | 74B |
CHTR Dividend-Like Income Using Covered Calls
With CHTR at 267.80, 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% | 8.03 | 2.2 |
| 5% | 13.39 | 3.7 |
| 10% | 26.78 | 7.3 |
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 CHTR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 5 | 270.00 | 7.90 | 22 | 35.9 | 1.69 (0.6%) | |
| Sep 12 | 270.00 | 10.10 | 29 | 34.8 | 1.69 (0.6%) | |
| 5% Yield On CHTR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 5 | 270.00 | 7.90 | 22 | 35.9 | 1.69 (0.6%) | |
| Sep 12 | 270.00 | 10.10 | 29 | 34.8 | 1.69 (0.6%) | |
| 10% Yield On CHTR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 5 | 270.00 | 7.90 | 22 | 35.9 | 1.69 (0.6%) | |
| Sep 12 | 270.00 | 10.10 | 29 | 34.8 | 1.69 (0.6%) | |
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | ATYR dividend | |
| 2. | PCG dividend | 7. | FXI dividend | 2. | IREN dividend | |
| 3. | IWM dividend | 8. | QQQ dividend | 3. | KSS dividend | |
| 4. | EEM dividend | 9. | IBIT dividend | 4. | VKTX dividend | |
| 5. | SPY dividend | 10. | KWEB dividend | 5. | BBAI dividend | |
Want more examples? CHT Dividend | CHWY Dividend
