CQP Dividend Type Payments

Although CQP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cheniere Energy Partners, LP Common Units 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):

Cheniere Energy Partners, LP Common Units (CQP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
55.50	56.00	56.13	-0.94	152K	12	35B

CQP Dividend-Like Income Using Covered Calls

With CQP at 56.13, 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%	1.68	0.5
5%	2.81	0.8
10%	5.61	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 CQP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	60.00	1.25	162	0.8	4.00 (7.1%)
Mar 21	60.00	0.45	71	0.6	4.00 (7.1%)

5% Yield On CQP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	60.00	1.25	162	0.8	4.00 (7.1%)

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Want more examples? CPT Dividend | CQQQ Dividend