CNS Dividend Type Payments
Although CNS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on COHEN & STEERS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:35 PM ET):
| COHEN & STEERS (CNS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 36.83 | 36.88 | 36.80 | +0.74 | 45K | 16 | 1.7B |
CNS Dividend-Like Income Using Covered Calls
With CNS at 36.80, 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% | 1.10 | 0.3 |
| 5% | 1.84 | 0.5 |
| 10% | 3.68 | 1.0 |
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 CNS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 21 | 40.00 | 0.25 | 68 | 0.4 | 3.12 (8.5%) | |
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| Top 10 Open Interest For Oct 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | MU dividend | 1. | UVXY dividend | |
| 2. | SPX dividend | 7. | FXI dividend | 2. | CRON dividend | |
| 3. | EEM dividend | 8. | BAC dividend | 3. | NIO dividend | |
| 4. | QQQ dividend | 9. | AMD dividend | 4. | PYX dividend | |
| 5. | PBR dividend | 10. | XLF dividend | 5. | TLRY dividend | |
Want more examples? CNQ Dividend | CNSL Dividend
