CWST Dividend Type Payments

Casella Waste Systems, Inc. - Class A dividend

Although CWST has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Casella Waste Systems, 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 Mon 4:16 PM ET):

Casella Waste Systems, Inc. - Class A (CWST)
Bid Ask Last Change Volume P/E Market Cap
109.49 123.00 116.06 -1.71 264K 535 7.5B

CWST Dividend-Like Income Using Covered Calls

With CWST at 116.06, 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% 3.48 1.0
5% 5.80 1.6
10% 11.61 3.2

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:

3% Yield On CWST Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 125.00 1.10 96 1.1 2.00 (1.7%)
Dec 19 125.00 4.20 187 2.2 2.00 (1.7%)
5% Yield On CWST Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 125.00 4.20 187 2.2 2.00 (1.7%)

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