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 Wed 4:16 PM ET):
| Charter Communications, Inc. - Class A (CHTR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 390.00 | 405.95 | 404.14 | +2.13 | 1.1M | 11 | 114B |
CHTR Dividend-Like Income Using Covered Calls
With CHTR at 404.14, 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% | 12.12 | 3.3 |
| 5% | 20.21 | 5.5 |
| 10% | 40.41 | 11.1 |
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 | |
| Jun 6 | 405.00 | 12.80 | 31 | 38.2 | 0.00 (0.0%) | |
| May 9 | 405.00 | 3.00 | 3 | 68.3 | 0.00 (0.0%) | |
| 5% Yield On CHTR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 6 | 405.00 | 12.80 | 31 | 38.2 | 0.00 (0.0%) | |
| May 9 | 405.00 | 3.00 | 3 | 68.3 | 0.00 (0.0%) | |
| 10% Yield On CHTR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 6 | 405.00 | 12.80 | 31 | 38.2 | 0.00 (0.0%) | |
| May 9 | 405.00 | 3.00 | 3 | 68.3 | 0.00 (0.0%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | IONQ dividend | |
| 2. | SPY dividend | 7. | FXI dividend | 2. | LYFT dividend | |
| 3. | TLT dividend | 8. | TSLA dividend | 3. | CVNA dividend | |
| 4. | QQQ dividend | 9. | GLD dividend | 4. | PCT dividend | |
| 5. | SLV dividend | 10. | INTC dividend | 5. | PINS dividend | |
Want more examples? CHT Dividend | CHWY Dividend
