CNS Dividend Type Payments
Although CNS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cohen & Steers Inc 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):
Cohen & Steers Inc (CNS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
77.41 | 78.50 | 78.01 | +0.14 | 124K | 25 | 4.0B |
CNS Dividend-Like Income Using Covered Calls
With CNS at 78.01, 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% | 2.34 | 0.6 |
5% | 3.90 | 1.1 |
10% | 7.80 | 2.1 |
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:
3% Yield On CNS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 19 | 80.00 | 2.55 | 170 | 1.5 | 1.50 (1.9%) |
5% Yield On CNS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 19 | 80.00 | 2.55 | 170 | 1.5 | 1.50 (1.9%) |
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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 | |
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5. | TSLA dividend | 10. | QQQ dividend | 5. | SMMT dividend |
Want more examples? CNRG Dividend | CNTY Dividend