CARE Dividend Type Payments
Although CARE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Carter Bankshares, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| Carter Bankshares, Inc. (CARE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 11.00 | 31.12 | 19.46 | -0.10 | 49K | 31 | 0.5B |
CARE Dividend-Like Income Using Covered Calls
With CARE at 19.46, 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% | 0.58 | 0.2 |
| 5% | 0.97 | 0.3 |
| 10% | 1.95 | 0.5 |
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:
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| Top 10 Open Interest For Nov 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | FXI dividend | 6. | IWM dividend | 1. | NOVA dividend | |
| 2. | NVDA dividend | 7. | TLT dividend | 2. | LUNR dividend | |
| 3. | TSLA dividend | 8. | EEM dividend | 3. | OKLO dividend | |
| 4. | SPY dividend | 9. | EWZ dividend | 4. | AMAT dividend | |
| 5. | SLV dividend | 10. | SMCI dividend | 5. | WULF dividend | |
Want more examples? CARA Dividend | CARG Dividend
