CIVB Dividend Type Payments
Although CIVB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Civista Bancshares, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:50 PM ET):
| Civista Bancshares, Inc (CIVB) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 18.67 | 18.96 | 18.81 | -0.30 | 22K | - | 0.0B |
CIVB Dividend-Like Income Using Covered Calls
With CIVB at 18.81, here's a table showing how big the annual "dividend" (ie. 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% | 0.56 | 0.2 |
| 5% | 0.94 | 0.3 |
| 10% | 1.88 | 0.5 |
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:
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| Top 10 Open Interest For Dec 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IMMR dividend | 6. | PRA dividend | 1. | dividend | |
| 2. | CASA dividend | 7. | INTL dividend | 2. | dividend | |
| 3. | PNR dividend | 8. | CCIH dividend | 3. | dividend | |
| 4. | ING dividend | 9. | PRO dividend | 4. | dividend | |
| 5. | CBM dividend | 10. | IPFF dividend | 5. | dividend | |
Want more examples? CIT Dividend | CJ Dividend
