CNMD Dividend Type Payments

CONMED Corporation dividend

Although CNMD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CONMED Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 9:45 AM ET):

CONMED Corporation (CNMD)
Bid Ask Last Change Volume P/E Market Cap
45.73 46.53 46.53 +1.34 9K 13 1.4B

CNMD Dividend-Like Income Using Covered Calls

With CNMD at 46.53, 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% 1.40 0.4
5% 2.33 0.6
10% 4.65 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 CNMD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 55.00 0.20 33 0.6 8.47 (18.2%)
May 15 50.00 3.30 208 1.6 3.47 (7.5%)
5% Yield On CNMD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 50.00 3.30 208 1.6 3.47 (7.5%)
Jan 16 50.00 0.70 89 0.8 3.47 (7.5%)
10% Yield On CNMD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 50.00 3.30 208 1.6 3.47 (7.5%)
Feb 20 50.00 1.70 124 1.4 3.47 (7.5%)

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

 
 
Top 10 Open Interest For Nov 21 Expiration     Top 5 High Yield
1.KVUE dividend 6.GLD dividend   1.INBX dividend
2.IBIT dividend 7.TLT dividend   2.ARCT dividend
3.NVDA dividend 8.EEM dividend   3.BHVN dividend
4.SLV dividend 9.INTC dividend   4.USAR dividend
5.HYG dividend 10.SPY dividend   5.SNDK dividend

Want more examples? CNK Dividend | CNNE Dividend