CENT Dividend Type Payments

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 Wed 4:16 PM ET):

Central Garden & Pet Company (CENT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
33.80	36.50	34.94	-1.49	146K	20	2.4B

CENT Dividend-Like Income Using Covered Calls

With CENT at 34.94, 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%	1.05	0.3
5%	1.75	0.5
10%	3.49	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
May 16	40.00	0.25	31	0.8	3.50 (10.0%)
Oct 17	40.00	2.15	185	1.2	3.50 (10.0%)

5% Yield On CENT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	40.00	0.25	31	0.8	3.50 (10.0%)
Oct 17	40.00	2.15	185	1.2	3.50 (10.0%)

10% Yield On CENT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	40.00	2.15	185	1.2	3.50 (10.0%)
Jul 18	40.00	1.00	94	1.1	3.50 (10.0%)

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Want more examples? CEMB Dividend | CENTA Dividend