CW Dividend Type Payments

Curtiss-Wright Corporation dividend

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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