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 9:40 AM ET):
| Charter Communications, Inc. - Class A (CHTR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 394.87 | 395.75 | 395.31 | +1.30 | 11K | 11 | 112B |
CHTR Dividend-Like Income Using Covered Calls
With CHTR at 395.31, 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% | 11.86 | 3.2 |
| 5% | 19.77 | 5.4 |
| 10% | 39.53 | 10.8 |
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 CHTR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 395.00 | 19.20 | 36 | 51.3 | 0.00 (0.0%) | |
| Jul 3 | 395.00 | 5.30 | 7 | 65.0 | 0.00 (0.0%) | |
| 5% Yield On CHTR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 395.00 | 19.20 | 36 | 51.3 | 0.00 (0.0%) | |
| Jul 3 | 395.00 | 5.30 | 7 | 65.0 | 0.00 (0.0%) | |
| 10% Yield On CHTR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 395.00 | 19.20 | 36 | 51.3 | 0.00 (0.0%) | |
| Jul 3 | 395.00 | 5.30 | 7 | 65.0 | 0.00 (0.0%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | TSLA dividend | 2. | QUBT dividend | |
| 3. | SPY dividend | 8. | AAPL dividend | 3. | CORZ dividend | |
| 4. | GLD dividend | 9. | FXI dividend | 4. | IONQ dividend | |
| 5. | TLT dividend | 10. | CLSK dividend | 5. | CRWV dividend | |
Want more examples? CHT Dividend | CHWY Dividend
