CSL Dividend

Carlisle Companies, Inc dividend

Although CSL has a dividend of 0.40 with an ex-dividend date of Feb 19, you can sell covered calls on Carlisle Companies, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Carlisle Companies, Inc (CSL)
Bid Ask Last Change Volume P/E Market Cap
103.00 124.00 121.42 +0.60 277K 12 7.2B

CSL Dividend-Like Income Using Covered Calls

With CSL at 121.42, 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% 3.64 1.0
5% 6.07 1.7
10% 12.14 3.3

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 CSL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 125.00 0.50 29 1.7 1.00 (0.8%)
Jun 21 125.00 2.80 127 2.2 1.00 (0.8%)
5% Yield On CSL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 125.00 0.50 29 1.7 1.00 (0.8%)
Jun 21 125.00 2.80 127 2.2 1.00 (0.8%)

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