CASH Dividend Type Payments

Although CASH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Pathward Financial, Inc. 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):

Pathward Financial, Inc. (CASH)
Bid Ask Last Change Volume P/E Market Cap
71.10 101.95 74.48 +0.03 129K 11 1.8B

CASH Dividend-Like Income Using Covered Calls

With CASH at 74.48, 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% 2.23 0.6
5% 3.72 1.0
10% 7.45 2.0

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 Jan 17 Expiration     Top 5 High Yield
1.NVDA dividend 6.SPY dividend   1.RGTI dividend
2.SLV dividend 7.XLF dividend   2.IONQ dividend
3.AAPL dividend 8.IWM dividend   3.U dividend
4.EEM dividend 9.TSLA dividend   4.VIR dividend
5.INTC dividend 10.TLT dividend   5.HCAT dividend

Want more examples? CARS Dividend | CASS Dividend