RCL Dividend

Although RCL has a dividend of 0.75 with an ex-dividend date of Jun 4, you can sell covered calls on D/B/A Royal Caribbean Cruises Ltd. 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):

D/B/A Royal Caribbean Cruises Ltd. (RCL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
230.05	233.80	233.26	+0.42	1.1M	19	63B

RCL Dividend-Like Income Using Covered Calls

With RCL at 233.26, 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%	7.00	1.9
5%	11.66	3.2
10%	23.33	6.4

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 RCL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 6	235.00	8.90	29	30.7	1.20 (0.5%)
Jun 13	235.00	9.70	36	26.9	1.20 (0.5%)

5% Yield On RCL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 6	235.00	8.90	29	30.7	1.20 (0.5%)
Jun 13	235.00	9.70	36	26.9	1.20 (0.5%)

10% Yield On RCL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 6	235.00	8.90	29	30.7	1.20 (0.5%)
Jun 13	235.00	9.70	36	26.9	1.20 (0.5%)

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