CNA Dividend Type Payments

CNA Financial Corporation dividend

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

CNA Financial Corporation (CNA)
Bid Ask Last Change Volume P/E Market Cap
43.00 46.00 45.69 +0.24 429K 14 12B

CNA Dividend-Like Income Using Covered Calls

With CNA at 45.69, 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% 1.37 0.4
5% 2.28 0.6
10% 4.57 1.3

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 CNA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 48.00 0.30 44 0.7 2.00 (4.4%)
5% Yield On CNA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 48.00 0.30 44 0.7 2.00 (4.4%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Jul 18 Expiration     Top 5 High Yield
1.NVDA dividend 6.GLD dividend   1.QUBT dividend
2.SLV dividend 7.AAPL dividend   2.COGT dividend
3.SPY dividend 8.TLT dividend   3.IONQ dividend
4.IWM dividend 9.IBIT dividend   4.TMC dividend
5.TSLA dividend 10.QQQ dividend   5.SMMT dividend

Want more examples? CMTL Dividend | CNC Dividend