CODI Dividend Type Payments

D/B/A Compass Diversified Holdings Shares of Beneficial Interest dividend

Although CODI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on D/B/A Compass Diversified Holdings Shares of Beneficial Interest to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

D/B/A Compass Diversified Holdings Shares of Beneficial Interest (CODI)
Bid Ask Last Change Volume P/E Market Cap
20.00 22.54 20.63 -0.17 328K 17 1.6B

CODI Dividend-Like Income Using Covered Calls

With CODI at 20.63, 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% 0.62 0.2
5% 1.03 0.3
10% 2.06 0.6

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 CODI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 22.50 0.60 173 0.3 0.00 (0.0%)
May 16 22.50 0.30 82 0.3 0.00 (0.0%)
5% Yield On CODI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 22.50 0.60 173 0.3 0.00 (0.0%)
May 16 22.50 0.30 82 0.3 0.00 (0.0%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Mar 21 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.LUNR dividend
2.SPY dividend 7.INTC dividend   2.HIMS dividend
3.FXI dividend 8.QQQ dividend   3.ZETA dividend
4.EEM dividend 9.SLV dividend   4.WOLF dividend
5.KWEB dividend 10.TLT dividend   5.DNA dividend

Want more examples? COCO Dividend | CODX Dividend