CCEP Dividend Type Payments
Although CCEP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Coca-Cola Europacific Partners plc 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):
Coca-Cola Europacific Partners plc (CCEP) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
89.60 | 92.48 | 90.70 | +0.05 | 1.8M | - | 41B |
CCEP Dividend-Like Income Using Covered Calls
With CCEP at 90.70, 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% | 2.72 | 0.7 |
5% | 4.54 | 1.2 |
10% | 9.07 | 2.5 |
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 CCEP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 95.00 | 0.35 | 36 | 1.0 | 2.52 (2.8%) | |
Nov 21 | 95.00 | 2.00 | 99 | 2.0 | 2.52 (2.8%) |
5% Yield On CCEP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 21 | 95.00 | 2.00 | 99 | 2.0 | 2.52 (2.8%) |
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Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | ATYR dividend | |
2. | PCG dividend | 7. | FXI dividend | 2. | IREN dividend | |
3. | IWM dividend | 8. | QQQ dividend | 3. | KSS dividend | |
4. | EEM dividend | 9. | IBIT dividend | 4. | VKTX dividend | |
5. | SPY dividend | 10. | KWEB dividend | 5. | BBAI dividend |
Want more examples? CC Dividend | CCI Dividend