CORR Dividend

Although CORR has a dividend of 0.75 with an ex-dividend date of Aug 16, you can sell covered calls on CORENERGY INFRASTRUCTURE to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:10 AM ET):

Bid Ask Last Change Volume P/E Market Cap
38.51 38.59 38.59 -0.55 20K 21 0.5B

CORR Dividend-Like Income Using Covered Calls

With CORR at 38.59, 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% 1.16 0.3
5% 1.93 0.5
10% 3.86 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 CORR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 40.00 0.60 129 0.5 1.41 (3.7%)
Mar 15 40.00 0.85 213 0.4 1.41 (3.7%)

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Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
1.SPY dividend 6.XLF dividend   1.UVXY dividend
2.EEM dividend 7.FB dividend   2.LCI dividend
3.QQQ dividend 8.FXI dividend   3.NVDA dividend
4.SPX dividend 9.GLD dividend   4.JWN dividend
5.BAC dividend 10.AABA dividend   5.GDS dividend

Want more examples? CORP Dividend | CORT Dividend