CACI Dividend Type Payments
Although CACI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CACI International, 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 Wed 4:16 PM ET):
CACI International, Inc. Class A (CACI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
388.79 | 420.00 | 403.33 | -11.81 | 182K | 21 | 9.3B |
CACI Dividend-Like Income Using Covered Calls
With CACI at 403.33, 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% | 12.10 | 3.3 |
5% | 20.17 | 5.5 |
10% | 40.33 | 11.1 |
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 CACI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 420.00 | 0.40 | 3 | 13.3 | 0.00 (0.0%) | |
Jan 17 | 420.00 | 7.30 | 31 | 23.5 | 0.00 (0.0%) |
5% Yield On CACI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 420.00 | 0.40 | 3 | 13.3 | 0.00 (0.0%) | |
Jan 17 | 420.00 | 7.30 | 31 | 23.5 | 0.00 (0.0%) |
10% Yield On CACI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 420.00 | 0.40 | 3 | 13.3 | 0.00 (0.0%) | |
Jan 17 | 420.00 | 7.30 | 31 | 23.5 | 0.00 (0.0%) |
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Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | NVDA dividend | |
2. | SPY dividend | 7. | IWM dividend | 2. | RGTI dividend | |
3. | XLF dividend | 8. | KWEB dividend | 3. | QUBT dividend | |
4. | QQQ dividend | 9. | TLT dividend | 4. | MU dividend | |
5. | FXI dividend | 10. | TSLA dividend | 5. | QBTS dividend |
Want more examples? CACC Dividend | CADE Dividend