CZR Dividend Type Payments

Caesars Entertainment Corp dividend

Although CZR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Caesars Entertainment Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 12:15 PM ET):

Caesars Entertainment Corp (CZR)
Bid Ask Last Change Volume P/E Market Cap
8.63 8.64 8.63 -0.26 7.6M 22 6.0B

CZR Dividend-Like Income Using Covered Calls

With CZR at 8.63, 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% 0.26 0.1
5% 0.43 0.1
10% 0.86 0.2

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 CZR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 29 9.50 0.03 8 0.4 0.86 (10.0%)
Apr 5 9.50 0.10 15 0.7 0.86 (10.0%)
5% Yield On CZR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 29 9.50 0.03 8 0.4 0.86 (10.0%)
Apr 5 9.50 0.10 15 0.7 0.86 (10.0%)
10% Yield On CZR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 29 9.50 0.03 8 0.4 0.86 (10.0%)
Apr 5 9.50 0.10 15 0.7 0.86 (10.0%)

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