CE Dividend Type Payments
Although CE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Celanese Corporation Celanese Corporation 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):
Celanese Corporation Celanese Corporation (CE) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
40.00 | 41.01 | 40.99 | -6.21 | 5.3M | - | 5.2B |
CE Dividend-Like Income Using Covered Calls
With CE at 40.99, 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% | 1.23 | 0.3 |
5% | 2.05 | 0.6 |
10% | 4.10 | 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:
3% Yield On CE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 45.00 | 2.85 | 43 | 6.6 | 3.99 (9.7%) | |
Apr 17 | 45.00 | 1.10 | 14 | 7.9 | 3.99 (9.7%) |
5% Yield On CE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 45.00 | 2.85 | 43 | 6.6 | 3.99 (9.7%) | |
Apr 17 | 45.00 | 1.10 | 14 | 7.9 | 3.99 (9.7%) |
10% Yield On CE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 45.00 | 2.85 | 43 | 6.6 | 3.99 (9.7%) | |
Apr 17 | 45.00 | 1.10 | 14 | 7.9 | 3.99 (9.7%) |
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Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IWM dividend | 1. | RUN dividend | |
2. | SPY dividend | 7. | NIO dividend | 2. | RKT dividend | |
3. | SLV dividend | 8. | EEM dividend | 3. | QBTS dividend | |
4. | ASHR dividend | 9. | TSLA dividend | 4. | RIOT dividend | |
5. | QQQ dividend | 10. | TLT dividend | 5. | CELH dividend |
Want more examples? CDZI Dividend | CECO Dividend