USCR Dividend Type Payments

US CONCRETE dividend

Although USCR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on US CONCRETE 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):

US CONCRETE (USCR)
Bid Ask Last Change Volume P/E Market Cap
51.25 52.15 51.65 +0.15 244K 25 0.9B

USCR Dividend-Like Income Using Covered Calls

With USCR at 51.65, 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% 1.55 0.4
5% 2.58 0.7
10% 5.17 1.4

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 USCR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 57.50 0.30 36 0.8 5.35 (10.4%)
Nov 16 65.00 0.45 92 0.5 12.85 (24.9%)
5% Yield On USCR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 57.50 0.30 36 0.8 5.35 (10.4%)
Nov 16 62.50 0.70 92 0.8 10.35 (20.0%)
10% Yield On USCR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 55.00 0.80 36 2.2 2.85 (5.5%)
Nov 16 57.50 1.70 92 1.8 5.35 (10.4%)

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