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 Wed 4:16 PM ET):
| COHEN & STEERS (CNS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 41.77 | 41.78 | 41.78 | -0.38 | 90K | 19 | 2.0B |
CNS Dividend-Like Income Using Covered Calls
With CNS at 41.78, 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% | 1.25 | 0.3 |
| 5% | 2.09 | 0.6 |
| 10% | 4.18 | 1.1 |
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 | |
| Mar 15 | 45.00 | 0.90 | 213 | 0.4 | 3.22 (7.7%) | |
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| Top 10 Open Interest For Aug 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | XLF dividend | 1. | NVDA dividend | |
| 2. | EEM dividend | 7. | FB dividend | 2. | UVXY dividend | |
| 3. | QQQ dividend | 8. | FXI dividend | 3. | JWN dividend | |
| 4. | SPX dividend | 9. | GLD dividend | 4. | GDS dividend | |
| 5. | BAC dividend | 10. | AABA dividend | 5. | AMAT dividend | |
Want more examples? CNQ Dividend | CNSL Dividend
