CENT Dividend Type Payments

Central Garden & Pet Company dividend

Although CENT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Central Garden & Pet Company 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):

Central Garden & Pet Company (CENT)
Bid Ask Last Change Volume P/E Market Cap
34.45 38.38 36.30 +0.63 107K 19 2.3B

CENT Dividend-Like Income Using Covered Calls

With CENT at 36.30, 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% 1.09 0.3
5% 1.82 0.5
10% 3.63 1.0

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 CENT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 40.00 2.25 218 1.0 1.62 (4.5%)
Jan 16 40.00 1.20 246 0.5 1.62 (4.5%)
5% Yield On CENT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 40.00 2.25 218 1.0 1.62 (4.5%)
10% Yield On CENT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 40.00 2.25 218 1.0 1.62 (4.5%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Jun 20 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.HIMS dividend
2.SPY dividend 7.GLD dividend   2.VERA dividend
3.SLV dividend 8.FXI dividend   3.SOUN dividend
4.QQQ dividend 9.TSLA dividend   4.CEP dividend
5.EEM dividend 10.XLF dividend   5.CELC dividend

Want more examples? CEMB Dividend | CENTA Dividend