CLB Dividend

Core Laboratories Inc. dividend

Although CLB has a dividend of 0.01 with an ex-dividend date of May 3, you can sell covered calls on Core Laboratories Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Core Laboratories Inc. (CLB)
Bid Ask Last Change Volume P/E Market Cap
16.40 17.47 16.94 -0.13 523K 22 0.8B

CLB Dividend-Like Income Using Covered Calls

With CLB at 16.94, 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% 0.51 0.1
5% 0.85 0.2
10% 1.69 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:

3% Yield On CLB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 17.50 0.40 22 1.8 0.03 (0.2%)
Jun 21 17.50 0.85 57 1.5 0.03 (0.2%)
5% Yield On CLB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 17.50 0.40 22 1.8 0.03 (0.2%)
Jun 21 17.50 0.85 57 1.5 0.03 (0.2%)
10% Yield On CLB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 17.50 0.40 22 1.8 0.03 (0.2%)
Jun 21 17.50 0.85 57 1.5 0.03 (0.2%)

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Want more examples? CLAR Dividend | CLBK Dividend