CLNY Dividend

Colony Capital, Inc dividend

Although CLNY has a dividend of 0.11 with an ex-dividend date of Jun 27, you can sell covered calls on Colony Capital, 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):

Colony Capital, Inc (CLNY)
Bid Ask Last Change Volume P/E Market Cap
5.10 5.12 5.12 -0.02 1.4M -4.8 2.5B

CLNY Dividend-Like Income Using Covered Calls

With CLNY at 5.12, 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% 0.15 0.0
5% 0.26 0.1
10% 0.51 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:

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Top 10 Open Interest For Jun 21 Expiration     Top 5 High Yield
1.SPY dividend 6.FXI dividend   1.ARQL dividend
2.SPX dividend 7.BAC dividend   2.ITCI dividend
3.EEM dividend 8.VXX dividend   3.CARA dividend
4.QQQ dividend 9.AAPL dividend   4.MAXR dividend
5.EWZ dividend 10.EFA dividend   5.CBAY dividend

Want more examples? CLNE Dividend | CLR Dividend