CNS Dividend
Although CNS has a dividend of 0.59 with an ex-dividend date of Mar 3, you can sell covered calls on Cohen & Steers Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 1:15 PM ET):
Cohen & Steers Inc (CNS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
85.48 | 85.64 | 85.58 | -1.62 | 50K | 29 | 4.4B |
CNS Dividend-Like Income Using Covered Calls
With CNS at 85.58, 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% | 2.57 | 0.7 |
5% | 4.28 | 1.2 |
10% | 8.56 | 2.3 |
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 CNS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 90.00 | 2.55 | 206 | 1.2 | 4.36 (5.1%) |
5% Yield On CNS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 90.00 | 2.55 | 206 | 1.2 | 4.36 (5.1%) |
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Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | KWEB dividend | 1. | SOUN dividend | |
2. | SPY dividend | 7. | INTC dividend | 2. | RKLB dividend | |
3. | FXI dividend | 8. | QQQ dividend | 3. | QBTS dividend | |
4. | EEM dividend | 9. | TLT dividend | 4. | CIFR dividend | |
5. | IWM dividend | 10. | SLV dividend | 5. | HIMS dividend |
Want more examples? CNRG Dividend | CNTY Dividend