CNS Dividend Type Payments

Cohen & Steers, Inc dividend

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 Tue 4:16 PM ET):

Cohen & Steers, Inc (CNS)
Bid Ask Last Change Volume P/E Market Cap
34.65 37.25 34.65 -0.25 158K - 0.0B

CNS Dividend-Like Income Using Covered Calls

With CNS at 34.65, 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% 1.04 0.3
5% 1.73 0.5
10% 3.47 0.9

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
Mar 15 37.50 0.45 88 0.5 0.25 (0.7%)
Jun 21 37.50 1.00 186 0.5 0.25 (0.7%)
5% Yield On CNS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 37.50 0.45 88 0.5 0.25 (0.7%)
Jun 21 37.50 1.00 186 0.5 0.25 (0.7%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
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