CR Dividend

Crane Holdings, Co. dividend

Although CR has a dividend of 0.23 with an ex-dividend date of May 30, you can sell covered calls on Crane Holdings, Co. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:50 AM ET):

Crane Holdings, Co. (CR)
Bid Ask Last Change Volume P/E Market Cap
175.80 176.18 176.04 +0.15 22K 31 10B

CR Dividend-Like Income Using Covered Calls

With CR at 176.04, 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% 5.28 1.4
5% 8.80 2.4
10% 17.60 4.8

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 CR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 180.00 0.05 3 1.7 3.82 (2.2%)
Sep 19 180.00 11.10 129 8.6 3.82 (2.2%)
5% Yield On CR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 180.00 11.10 129 8.6 3.82 (2.2%)
Dec 19 180.00 17.60 220 8.0 3.82 (2.2%)
10% Yield On CR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 180.00 11.10 129 8.6 3.82 (2.2%)
Dec 19 180.00 17.60 220 8.0 3.82 (2.2%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For May 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.DOCS dividend
2.SPY dividend 7.SLV dividend   2.DLO dividend
3.TLT dividend 8.FXI dividend   3.CAVA dividend
4.TSLA dividend 9.GLD dividend   4.RXRX dividend
5.QQQ dividend 10.INTC dividend   5.JACK dividend

Want more examples? CQQQ Dividend | CRAI Dividend