CVLG Dividend Type Payments

Although CVLG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Covenant Logistics Group, Inc. Class A 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):

Covenant Logistics Group, Inc. Class A (CVLG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
19.56	21.65	20.89	+1.08	128K	13	0.5B

CVLG Dividend-Like Income Using Covered Calls

With CVLG at 20.89, 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%	0.63	0.2
5%	1.04	0.3
10%	2.09	0.6

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 CVLG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	22.50	0.40	141	0.3	0.85 (4.1%)
Dec 19	22.50	0.70	232	0.3	0.85 (4.1%)

5% Yield On CVLG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	22.50	0.70	232	0.3	0.85 (4.1%)
Jun 20	22.50	0.25	50	0.5	0.85 (4.1%)

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