CYD Dividend Type Payments
Although CYD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on China Yuchai International Limited to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:35 PM ET):
| China Yuchai International Limited (CYD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 13.87 | 13.94 | 13.94 | -0.36 | 42K | - | 0.6B |
CYD Dividend-Like Income Using Covered Calls
With CYD at 13.94, 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% | 0.42 | 0.1 |
| 5% | 0.70 | 0.2 |
| 10% | 1.39 | 0.4 |
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 CYD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 15.00 | 2.00 | 117 | 1.7 | 1.06 (7.6%) | |
| May 16 | 15.00 | 1.00 | 26 | 3.8 | 1.06 (7.6%) | |
| 5% Yield On CYD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 15.00 | 2.00 | 117 | 1.7 | 1.06 (7.6%) | |
| May 16 | 15.00 | 1.00 | 26 | 3.8 | 1.06 (7.6%) | |
| 10% Yield On CYD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 15.00 | 2.00 | 117 | 1.7 | 1.06 (7.6%) | |
| May 16 | 15.00 | 1.00 | 26 | 3.8 | 1.06 (7.6%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | BHVN dividend | |
| 2. | SPY dividend | 7. | GLD dividend | 2. | HOOD dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | APLD dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | VRT dividend | |
| 5. | QQQ dividend | 10. | KWEB dividend | 5. | RIOT dividend | |
Want more examples? CYBR Dividend | CYH Dividend
