CW Dividend Type Payments
Although CW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Curtiss-Wright Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
Curtiss-Wright Corporation (CW) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
301.68 | 341.32 | 318.48 | -1.50 | 178K | 30 | 12B |
CW Dividend-Like Income Using Covered Calls
With CW at 318.48, 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% | 9.55 | 2.6 |
5% | 15.92 | 4.4 |
10% | 31.85 | 8.7 |
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 CW Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 340.00 | 4.50 | 30 | 10.6 | 0.00 (0.0%) | |
Sep 19 | 340.00 | 20.40 | 156 | 12.2 | 0.00 (0.0%) |
5% Yield On CW Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 340.00 | 4.50 | 30 | 10.6 | 0.00 (0.0%) | |
Sep 19 | 340.00 | 20.40 | 156 | 12.2 | 0.00 (0.0%) |
10% Yield On CW Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 340.00 | 4.50 | 30 | 10.6 | 0.00 (0.0%) | |
Sep 19 | 340.00 | 20.40 | 156 | 12.2 | 0.00 (0.0%) |
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Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IWM dividend | 1. | STLA dividend | |
2. | SPY dividend | 7. | GLD dividend | 2. | UPST dividend | |
3. | TLT dividend | 8. | FXI dividend | 3. | NBIS dividend | |
4. | SLV dividend | 9. | TSLA dividend | 4. | HOOD dividend | |
5. | QQQ dividend | 10. | INTC dividend | 5. | RIOT dividend |
Want more examples? CVY Dividend | CWB Dividend