CBL Dividend Type Payments

CBL & Associates Properties, Inc. dividend

Although CBL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CBL & Associates Properties, 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):

CBL & Associates Properties, Inc. (CBL)
Bid Ask Last Change Volume P/E Market Cap
25.89 26.50 26.20 +0.32 98K 12 1.6B

CBL Dividend-Like Income Using Covered Calls

With CBL at 26.20, 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% 0.79 0.2
5% 1.31 0.4
10% 2.62 0.7

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 CBL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 27.00 0.85 170 0.5 0.50 (1.9%)
Jan 16 27.00 1.05 198 0.5 0.50 (1.9%)
5% Yield On CBL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 27.00 0.85 170 0.5 0.50 (1.9%)
Jan 16 27.00 1.05 198 0.5 0.50 (1.9%)

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