CRVL Dividend Type Payments

CorVel Corp. dividend

Although CRVL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CorVel Corp. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:25 PM ET):

CorVel Corp. (CRVL)
Bid Ask Last Change Volume P/E Market Cap
348.37 350.61 348.82 -1.47 14K 74 6.0B

CRVL Dividend-Like Income Using Covered Calls

With CRVL at 348.82, 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% 10.46 2.9
5% 17.44 4.8
10% 34.88 9.6

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 CRVL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 350.00 1.00 3 13.0 0.00 (0.0%)
Jan 17 350.00 8.60 31 25.8 0.00 (0.0%)
5% Yield On CRVL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 350.00 1.00 3 13.0 0.00 (0.0%)
Jan 17 350.00 8.60 31 25.8 0.00 (0.0%)
10% Yield On CRVL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 350.00 1.00 3 13.0 0.00 (0.0%)
Jan 17 350.00 8.60 31 25.8 0.00 (0.0%)

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