CSII Dividend Type Payments

CARDIOVASCULAR SYSTEMS dividend

Although CSII has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CARDIOVASCULAR SYSTEMS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

CARDIOVASCULAR SYSTEMS (CSII)
Bid Ask Last Change Volume P/E Market Cap
37.60 44.87 37.60 +0.04 116K 751 1.2B

CSII Dividend-Like Income Using Covered Calls

With CSII at 37.60, 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% 1.13 0.3
5% 1.88 0.5
10% 3.76 1.0

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:

3% Yield On CSII Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 45.00 0.30 61 0.5 0.13 (0.3%)
Mar 15 50.00 1.35 208 0.6 5.13 (13.6%)
5% Yield On CSII Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 50.00 1.35 208 0.6 5.13 (13.6%)

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Want more examples? CSGS Dividend | CSIID301 Dividend