CWST Dividend Type Payments
Although CWST has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Casella Waste Systems, Inc. - Class A 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):
| Casella Waste Systems, Inc. - Class A (CWST) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 102.00 | 111.98 | 106.93 | -0.49 | 275K | 977 | 6.8B |
CWST Dividend-Like Income Using Covered Calls
With CWST at 106.93, 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% | 3.21 | 0.9 |
| 5% | 5.35 | 1.5 |
| 10% | 10.69 | 2.9 |
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 CWST Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 20 | 115.00 | 2.10 | 162 | 1.3 | 3.02 (2.8%) | |
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | RCAT dividend | |
| 2. | SLV dividend | 7. | XLF dividend | 2. | DNA dividend | |
| 3. | AAPL dividend | 8. | IWM dividend | 3. | EVH dividend | |
| 4. | EEM dividend | 9. | TSLA dividend | 4. | CIFR dividend | |
| 5. | INTC dividend | 10. | TLT dividend | 5. | CRNC dividend | |
Want more examples? CWS Dividend | CWT Dividend
