CRS Dividend Type Payments

Although CRS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Carpenter Technology Corporation 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):

Carpenter Technology Corporation (CRS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
165.00	183.43	175.50	+3.51	315K	38	8.6B

CRS Dividend-Like Income Using Covered Calls

With CRS at 175.50, 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%	5.27	1.4
5%	8.78	2.4
10%	17.55	4.8

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 CRS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	185.00	4.60	36	12.8	1.57 (0.9%)
Jan 17	185.00	7.40	64	11.6	1.57 (0.9%)

5% Yield On CRS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	185.00	4.60	36	12.8	1.57 (0.9%)
Jan 17	185.00	7.40	64	11.6	1.57 (0.9%)

10% Yield On CRS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	185.00	4.60	36	12.8	1.57 (0.9%)
Jan 17	185.00	7.40	64	11.6	1.57 (0.9%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	SAVA dividend
2.	SPY dividend	7.	XLF dividend	2.	RKLB dividend
3.	EEM dividend	8.	KWEB dividend	3.	LUNR dividend
4.	FXI dividend	9.	TLT dividend	4.	NMRA dividend
5.	IWM dividend	10.	KRE dividend	5.	CRVS dividend

Want more examples? CROX Dividend | CRSP Dividend