CMG Dividend Type Payments

CHIPOTLE MEXICAN GRILL dividend

Although CMG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CHIPOTLE MEXICAN GRILL to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

CHIPOTLE MEXICAN GRILL (CMG)
Bid Ask Last Change Volume P/E Market Cap
450.00 456.00 452.06 -5.15 511K 68 13B

CMG Dividend-Like Income Using Covered Calls

With CMG at 452.06, 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% 13.56 3.7
5% 22.60 6.2
10% 45.21 12.4

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 CMG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 20 472.50 0.20 5 4.0 16.50 (3.6%)
Jul 27 525.00 0.50 12 4.2 69.00 (15.3%)
5% Yield On CMG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 20 467.50 0.45 5 9.0 11.50 (2.5%)
Jul 27 510.00 1.30 12 10.8 54.00 (11.9%)
10% Yield On CMG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 20 465.00 0.70 5 14.0 9.00 (2.0%)
Jul 27 505.00 1.70 12 14.2 49.00 (10.8%)

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Want more examples? CMFN Dividend | CMI Dividend