CCRN Dividend Type Payments
Although CCRN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cross Country Healthcare, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
Cross Country Healthcare, Inc. (CCRN) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
13.00 | 14.00 | 13.56 | +0.19 | 215K | - | 0.4B |
CCRN Dividend-Like Income Using Covered Calls
With CCRN at 13.56, 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% | 0.41 | 0.1 |
5% | 0.68 | 0.2 |
10% | 1.36 | 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 CCRN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 15.00 | 0.25 | 33 | 0.8 | 1.00 (7.4%) | |
Dec 19 | 15.00 | 0.90 | 124 | 0.7 | 1.00 (7.4%) |
5% Yield On CCRN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 15.00 | 0.25 | 33 | 0.8 | 1.00 (7.4%) | |
Dec 19 | 15.00 | 0.90 | 124 | 0.7 | 1.00 (7.4%) |
10% Yield On CCRN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 15.00 | 0.25 | 33 | 0.8 | 1.00 (7.4%) | |
Dec 19 | 15.00 | 0.90 | 124 | 0.7 | 1.00 (7.4%) |
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Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | MBX dividend | |
2. | PCG dividend | 7. | FXI dividend | 2. | ATYR dividend | |
3. | IWM dividend | 8. | IBIT dividend | 3. | ONDS dividend | |
4. | SPY dividend | 9. | QQQ dividend | 4. | IREN dividend | |
5. | EEM dividend | 10. | KWEB dividend | 5. | BHVN dividend |
Want more examples? CCOR Dividend | CCRV Dividend