CIA Dividend Type Payments

Although CIA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Citizens, Inc. Class A ($1.00 Par) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:55 AM ET):

Citizens, Inc. Class A ($1.00 Par) (CIA)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
3.59	3.61	3.60	-0.01	15K	21	0.2B

CIA Dividend-Like Income Using Covered Calls

With CIA at 3.60, 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%	0.11	0.0
5%	0.18	0.0
10%	0.36	0.1

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 CIA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	5.00	0.05	45	0.1	1.39 (38.6%)
Nov 21	5.00	0.30	143	0.2	1.39 (38.6%)

5% Yield On CIA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	5.00	0.05	45	0.1	1.39 (38.6%)
Nov 21	5.00	0.30	143	0.2	1.39 (38.6%)

10% Yield On CIA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	5.00	0.05	45	0.1	1.39 (38.6%)
Nov 21	5.00	0.30	143	0.2	1.39 (38.6%)

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5.	TSLA dividend	10.	QQQ dividend	5.	RUN dividend

Want more examples? CI Dividend | CIB Dividend