CACI Dividend Type Payments
Although CACI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CACI International, 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 Tue 11:05 AM ET):
CACI International, Inc. Class A (CACI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
490.57 | 492.93 | 491.76 | +0.31 | 16K | 26 | 11B |
CACI Dividend-Like Income Using Covered Calls
With CACI at 491.76, 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% | 14.75 | 4.0 |
5% | 24.59 | 6.7 |
10% | 49.18 | 13.5 |
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 CACI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 500.00 | 13.40 | 53 | 25.3 | 7.07 (1.4%) | |
Oct 18 | 500.00 | 5.60 | 25 | 22.4 | 7.07 (1.4%) |
5% Yield On CACI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 500.00 | 13.40 | 53 | 25.3 | 7.07 (1.4%) | |
Oct 18 | 500.00 | 5.60 | 25 | 22.4 | 7.07 (1.4%) |
10% Yield On CACI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 500.00 | 13.40 | 53 | 25.3 | 7.07 (1.4%) | |
Oct 18 | 500.00 | 5.60 | 25 | 22.4 | 7.07 (1.4%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | DJT dividend | |
2. | IWM dividend | 7. | EEM dividend | 2. | CPRI dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | MSTR dividend | |
4. | QQQ dividend | 9. | GLD dividend | 4. | MBLY dividend | |
5. | HYG dividend | 10. | AAPL dividend | 5. | BYND dividend |
Want more examples? CACC Dividend | CADE Dividend