CSR Dividend Type Payments
Although CSR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on D/B/A Centerspace to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
D/B/A Centerspace (CSR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
67.55 | 72.09 | 69.85 | -0.05 | 109K | - | 1.1B |
CSR Dividend-Like Income Using Covered Calls
With CSR at 69.85, 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% | 2.10 | 0.6 |
5% | 3.49 | 1.0 |
10% | 6.99 | 1.9 |
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 CSR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 75.00 | 1.55 | 221 | 0.7 | 2.91 (4.2%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | QQQ dividend | 6. | FXI dividend | 1. | NOVA dividend | |
2. | IWM dividend | 7. | EEM dividend | 2. | INFN dividend | |
3. | SPY dividend | 8. | NVDA dividend | 3. | IEP dividend | |
4. | HYG dividend | 9. | SLV dividend | 4. | MNDY dividend | |
5. | TSLA dividend | 10. | AMZN dividend | 5. | RXRX dividend |
Want more examples? CSM Dividend | CSTE Dividend