CRON Dividend Type Payments

Although CRON has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CRONOS GROUP INC COMMON SHARE to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:00 AM ET):

CRONOS GROUP INC COMMON SHARE (CRON)
Bid Ask Last Change Volume P/E Market Cap
12.02 12.03 12.02 +0.28 29.6M 546 2.1B

CRON Dividend-Like Income Using Covered Calls

With CRON at 12.02, 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% 0.36 0.1
5% 0.60 0.2
10% 1.20 0.3

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 CRON Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 18.50 0.05 4 1.3 6.47 (53.8%)
Oct 26 20.00 0.05 11 0.5 7.97 (66.3%)
5% Yield On CRON Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 18.50 0.05 4 1.3 6.47 (53.8%)
Oct 26 20.00 0.05 11 0.5 7.97 (66.3%)
10% Yield On CRON Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 18.50 0.05 4 1.3 6.47 (53.8%)
Oct 26 20.00 0.05 11 0.5 7.97 (66.3%)

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Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
1.SPY dividend 6.BAC dividend   1.CRON dividend
2.SPX dividend 7.MU dividend   2.NBEV dividend
3.EEM dividend 8.FXI dividend   3.UVXY dividend
4.QQQ dividend 9.AMD dividend   4.TLRY dividend
5.PBR dividend 10.XLF dividend   5.NFLX dividend

Want more examples? CROC Dividend | CROP Dividend