CIA Dividend Type Payments

Citizens, Inc. Class A ($1.00 Par) dividend

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 Mon 1:10 PM ET):

Citizens, Inc. Class A ($1.00 Par) (CIA)
Bid Ask Last Change Volume P/E Market Cap
5.42 5.44 5.44 +0.34 104K 23 0.3B

CIA Dividend-Like Income Using Covered Calls

With CIA at 5.44, 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% 0.16 0.0
5% 0.27 0.1
10% 0.54 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
Feb 20 7.50 0.45 187 0.2 2.06 (37.9%)
5% Yield On CIA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 7.50 0.45 187 0.2 2.06 (37.9%)
10% Yield On CIA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 7.50 0.45 187 0.2 2.06 (37.9%)

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Want more examples? CI Dividend | CIB Dividend