CRH Dividend Type Payments

Although CRH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CRH PLC Ordinary Shares 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):

CRH PLC Ordinary Shares (CRH)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
88.75	96.45	91.78	-0.73	3.8M	-	63B

CRH Dividend-Like Income Using Covered Calls

With CRH at 91.78, 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%	9.18	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 CRH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 14	96.00	0.90	36	1.3	0.00 (0.0%)
Jun 20	100.00	3.90	162	2.4	3.55 (3.9%)

5% Yield On CRH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	100.00	3.90	162	2.4	3.55 (3.9%)
Feb 21	100.00	0.55	43	1.3	3.55 (3.9%)

10% Yield On CRH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	97.50	4.70	162	2.9	1.05 (1.1%)
Mar 21	100.00	2.00	71	2.8	3.55 (3.9%)

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Want more examples? CRESY Dividend | CRI Dividend