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 Thu 4:16 PM ET):

Cohen & Steers, Inc (CNS)
Bid Ask Last Change Volume P/E Market Cap
41.40 41.41 41.40 +0.35 79K 17 1.9B

CNS Dividend-Like Income Using Covered Calls

With CNS at 41.40, 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% 1.24 0.3
5% 2.07 0.6
10% 4.14 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
Jun 21 42.50 0.85 93 0.9 1.09 (2.6%)
Sep 20 45.00 0.65 184 0.4 3.59 (8.7%)
5% Yield On CNS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 42.50 0.85 93 0.9 1.09 (2.6%)

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