CTBI Dividend Type Payments

Although CTBI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Community Trust Bancorp, Inc 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):

Community Trust Bancorp, Inc (CTBI)
Bid Ask Last Change Volume P/E Market Cap
38.07 45.60 42.14 +1.00 43K 12 0.7B

CTBI Dividend-Like Income Using Covered Calls

With CTBI at 42.14, 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% 1.26 0.3
5% 2.11 0.6
10% 4.21 1.2

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:

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

Top 10 Open Interest For Apr 18 Expiration     Top 5 High Yield
1.SPY dividend 6.USO dividend   1.MU dividend
2.EEM dividend 7.BMY dividend   2.ACB dividend
3.SPX dividend 8.AAPL dividend   3.BCRX dividend
4.QQQ dividend 9.IWM dividend   4.CRON dividend
5.FXI dividend 10.NIO dividend   5.FDX dividend

Want more examples? CTB Dividend | CTG Dividend