CE Dividend Type Payments
Although CE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Celanese Corporation Celanese Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:15 PM ET):
| Celanese Corporation Celanese Corporation (CE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 60.52 | 60.56 | 60.54 | +0.18 | 576K | - | 6.6B |
CE Dividend-Like Income Using Covered Calls
With CE at 60.54, 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% | 1.82 | 0.5 |
| 5% | 3.03 | 0.8 |
| 10% | 6.05 | 1.7 |
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 CE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 65.00 | 2.20 | 38 | 5.8 | 4.44 (7.3%) | |
| Oct 17 | 65.00 | 4.40 | 101 | 4.4 | 4.44 (7.3%) | |
| 5% Yield On CE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 65.00 | 2.20 | 38 | 5.8 | 4.44 (7.3%) | |
| Oct 17 | 65.00 | 4.40 | 101 | 4.4 | 4.44 (7.3%) | |
| 10% Yield On CE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 65.00 | 2.20 | 38 | 5.8 | 4.44 (7.3%) | |
| Oct 17 | 65.00 | 4.40 | 101 | 4.4 | 4.44 (7.3%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | TMC dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | CELC dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | AAOI dividend | |
| 4. | TSLA dividend | 9. | IBIT dividend | 4. | PROK dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | RXRX dividend | |
Want more examples? CDZI Dividend | CECO Dividend
