CBRL Dividend

Although CBRL has a dividend of 0.25 with an ex-dividend date of Jan 17, you can sell covered calls on Cracker Barrel Old Country Store, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Cracker Barrel Old Country Store, Inc. (CBRL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
53.10	54.20	54.22	+2.39	318K	28	2.3B

CBRL Dividend-Like Income Using Covered Calls

With CBRL at 54.22, 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%	1.63	0.4
5%	2.71	0.7
10%	5.42	1.5

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 CBRL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	55.00	2.05	25	8.2	0.80 (1.5%)
Jul 18	55.00	8.10	207	3.9	0.80 (1.5%)

5% Yield On CBRL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	55.00	2.05	25	8.2	0.80 (1.5%)
Jul 18	55.00	8.10	207	3.9	0.80 (1.5%)

10% Yield On CBRL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	55.00	2.05	25	8.2	0.80 (1.5%)
Jul 18	55.00	8.10	207	3.9	0.80 (1.5%)

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Top 10 Open Interest For Jan 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	XLF dividend	1.	NMRA dividend
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3.	AAPL dividend	8.	TSLA dividend	3.	X dividend
4.	EEM dividend	9.	IWM dividend	4.	CLSK dividend
5.	INTC dividend	10.	TLT dividend	5.	QUBT dividend

Want more examples? CBRE Dividend | CBSE Dividend