CBOE Dividend Type Payments

Cboe Global Markets, Inc. dividend

Although CBOE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cboe Global Markets, 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):

Cboe Global Markets, Inc. (CBOE)
Bid Ask Last Change Volume P/E Market Cap
194.24 212.00 197.73 +0.56 586K - 21B

CBOE Dividend-Like Income Using Covered Calls

With CBOE at 197.73, 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% 5.93 1.6
5% 9.89 2.7
10% 19.77 5.4

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 CBOE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 220.00 6.80 241 2.8 8.00 (4.0%)
Feb 21 215.00 0.60 31 1.9 3.00 (1.5%)
5% Yield On CBOE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 220.00 6.80 241 2.8 8.00 (4.0%)

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Want more examples? CBLS Dividend | CBON Dividend