CASS Dividend Type Payments
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 Thu 4:16 PM ET):
| Cass Information Systems, Inc (CASS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 28.49 | 46.25 | 39.21 | -1.82 | 37K | 30 | 0.6B |
CASS Dividend-Like Income Using Covered Calls
With CASS at 39.21, 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% | 1.18 | 0.3 |
| 5% | 1.96 | 0.5 |
| 10% | 3.92 | 1.1 |
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:
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| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | IWM dividend | 1. | JPM dividend | |
| 2. | NVDA dividend | 7. | NIO dividend | 2. | AUR dividend | |
| 3. | SLV dividend | 8. | TSLA dividend | 3. | UPST dividend | |
| 4. | ASHR dividend | 9. | EEM dividend | 4. | KSS dividend | |
| 5. | QQQ dividend | 10. | TLT dividend | 5. | CCL dividend | |
Want more examples? CASH Dividend | CASY Dividend
