CASS Dividend
Although CASS has a dividend of 0.31 with an ex-dividend date of Sep 5, you can sell covered calls on Cass Information Systems, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:40 AM ET):
| Cass Information Systems, Inc (CASS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 41.09 | 41.38 | 41.32 | +0.04 | 10K | 27 | 0.6B |
CASS Dividend-Like Income Using Covered Calls
With CASS at 41.32, 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% | 1.24 | 0.3 |
| 5% | 2.07 | 0.6 |
| 10% | 4.13 | 1.1 |
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 Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | GLD dividend | 1. | GRPN dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | PCT dividend | |
| 3. | IWM dividend | 8. | AMZN dividend | 3. | LYFT dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | MBX dividend | |
| 5. | IBIT dividend | 10. | INTC dividend | 5. | AAOI dividend | |
Want more examples? CASH Dividend | CASY Dividend
