CASS Dividend Type Payments

Cass Information Systems, Inc dividend

Although CASS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cass Information Systems, Inc 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):

Cass Information Systems, Inc (CASS)
Bid Ask Last Change Volume P/E Market Cap
40.43 43.72 41.99 -0.27 112K 21 0.6B

CASS Dividend-Like Income Using Covered Calls

With CASS at 41.99, 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% 1.26 0.3
5% 2.10 0.6
10% 4.20 1.2

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 CASS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 45.00 1.85 183 1.0 1.28 (3.0%)
5% Yield On CASS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 45.00 1.85 183 1.0 1.28 (3.0%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Jan 17 Expiration     Top 5 High Yield
1.NVDA dividend 6.INTC dividend   1.RGTI dividend
2.SLV dividend 7.SPY dividend   2.NMRA dividend
3.AAPL dividend 8.TSLA dividend   3.HUMA dividend
4.EEM dividend 9.IWM dividend   4.DLO dividend
5.XLF dividend 10.TLT dividend   5.MARA dividend

Want more examples? CASH Dividend | CASY Dividend