CPA Dividend Type Payments
Although CPA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Copa Holdings, S.A. Copa Holdings, S.A. Class A 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):
| Copa Holdings, S.A. Copa Holdings, S.A. Class A (CPA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 88.08 | 93.58 | 91.72 | -0.04 | 399K | - | 3.9B |
CPA Dividend-Like Income Using Covered Calls
With CPA at 91.72, 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% | 2.75 | 0.8 |
| 5% | 4.59 | 1.3 |
| 10% | 9.17 | 2.5 |
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 CPA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 100.00 | 5.10 | 213 | 2.4 | 6.42 (7.0%) | |
| May 16 | 100.00 | 3.50 | 122 | 2.9 | 6.42 (7.0%) | |
| 5% Yield On CPA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 100.00 | 5.10 | 213 | 2.4 | 6.42 (7.0%) | |
| May 16 | 100.00 | 3.50 | 122 | 2.9 | 6.42 (7.0%) | |
| 10% Yield On CPA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 95.00 | 7.20 | 213 | 3.4 | 1.42 (1.5%) | |
| May 16 | 100.00 | 3.50 | 122 | 2.9 | 6.42 (7.0%) | |
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | RCAT dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | XP dividend | |
| 3. | AAPL dividend | 8. | XLF dividend | 3. | RXRX dividend | |
| 4. | SPY dividend | 9. | TLT dividend | 4. | RGTI dividend | |
| 5. | EEM dividend | 10. | IWM dividend | 5. | DNA dividend | |
Want more examples? CP Dividend | CPB Dividend
