CAPL Dividend Type Payments

Although CAPL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CrossAmerica Partners LP Common Units representing limited partner inter to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

CrossAmerica Partners LP Common Units representing limited partner inter (CAPL)
Bid Ask Last Change Volume P/E Market Cap
19.90 20.50 20.34 +0.36 29K 18 0.8B

CAPL Dividend-Like Income Using Covered Calls

With CAPL at 20.34, 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% 0.61 0.2
5% 1.02 0.3
10% 2.03 0.6

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:

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Top 10 Open Interest For Nov 21 Expiration     Top 5 High Yield
1.IBIT dividend 6.TLT dividend   1.BHVN dividend
2.KVUE dividend 7.HYG dividend   2.UUUU dividend
3.NVDA dividend 8.EEM dividend   3.SOUN dividend
4.SLV dividend 9.QQQ dividend   4.INBX dividend
5.GLD dividend 10.INTC dividend   5.CIFR dividend

Want more examples? CAPE Dividend | CAPR Dividend