CTRL Dividend Type Payments

Control4 Corp dividend

Although CTRL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Control4 Corp 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):

Control4 Corp (CTRL)
Bid Ask Last Change Volume P/E Market Cap
23.85 23.90 23.85 +0.01 127K 16 0.6B

CTRL Dividend-Like Income Using Covered Calls

With CTRL at 23.85, 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% 0.72 0.2
5% 1.19 0.3
10% 2.39 0.7

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 Aug 16 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.TWTR dividend
2.FXI dividend 7.NIO dividend   2.SNAP dividend
3.EEM dividend 8.BAC dividend   3.TSLA dividend
4.SPX dividend 9.IWM dividend   4.FB dividend
5.GDX dividend 10.GLD dividend   5.MGM dividend

Want more examples? CTRE Dividend | CTRN Dividend