CW Dividend Type Payments
Although CW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Curtiss-Wright Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:40 AM ET):
| Curtiss-Wright Corporation (CW) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 576.49 | 582.75 | 577.91 | -7.21 | 76K | 49 | 22B |
CW Dividend-Like Income Using Covered Calls
With CW at 577.91, 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% | 17.34 | 4.7 |
| 5% | 28.90 | 7.9 |
| 10% | 57.79 | 15.8 |
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 CW Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 580.00 | 25.50 | 44 | 51.7 | 0.00 (0.0%) | |
| Nov 21 | 580.00 | 14.50 | 16 | 73.4 | 0.00 (0.0%) | |
| 5% Yield On CW Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 580.00 | 25.50 | 44 | 51.7 | 0.00 (0.0%) | |
| Nov 21 | 580.00 | 14.50 | 16 | 73.4 | 0.00 (0.0%) | |
| 10% Yield On CW Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 580.00 | 25.50 | 44 | 51.7 | 0.00 (0.0%) | |
| Nov 21 | 580.00 | 14.50 | 16 | 73.4 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | TTD dividend | |
| 2. | KVUE dividend | 7. | INTC dividend | 2. | SMR dividend | |
| 3. | NVDA dividend | 8. | ASST dividend | 3. | RUN dividend | |
| 4. | SLV dividend | 9. | HYG dividend | 4. | SG dividend | |
| 5. | GLD dividend | 10. | SPY dividend | 5. | XYZ dividend | |
Want more examples? CVY Dividend | CWB Dividend
