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 Tue 4:16 PM ET):
| Cohen & Steers Inc (CNS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 69.36 | 79.08 | 74.56 | +0.36 | 144K | 24 | 3.8B |
CNS Dividend-Like Income Using Covered Calls
With CNS at 74.56, 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% | 2.24 | 0.6 |
| 5% | 3.73 | 1.0 |
| 10% | 7.46 | 2.0 |
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:
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | ATYR dividend | |
| 2. | PCG dividend | 7. | FXI dividend | 2. | IREN dividend | |
| 3. | IWM dividend | 8. | IBIT dividend | 3. | SBET dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | CIFR dividend | |
| 5. | EEM dividend | 10. | KWEB dividend | 5. | EOSE dividend | |
Want more examples? CNRG Dividend | CNTY Dividend
