CLMT Dividend Type Payments

Calumet, Inc dividend

Although CLMT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Calumet, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:40 PM ET):

Calumet, Inc (CLMT)
Bid Ask Last Change Volume P/E Market Cap
17.02 17.11 17.07 +0.06 188K - 1.5B

CLMT Dividend-Like Income Using Covered Calls

With CLMT at 17.07, 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% 0.51 0.1
5% 0.85 0.2
10% 1.71 0.5

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 CLMT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 1 17.50 0.45 10 4.5 0.39 (2.3%)
Aug 15 18.00 0.80 24 3.3 0.89 (5.2%)
5% Yield On CLMT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 1 17.50 0.45 10 4.5 0.39 (2.3%)
Aug 15 18.00 0.80 24 3.3 0.89 (5.2%)
10% Yield On CLMT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 1 17.50 0.45 10 4.5 0.39 (2.3%)
Aug 15 18.00 0.80 24 3.3 0.89 (5.2%)

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

 
 
Top 10 Open Interest For Aug 15 Expiration     Top 5 High Yield
1.SLV dividend 6.IBIT dividend   1.MBX dividend
2.NVDA dividend 7.AMZN dividend   2.CHTR dividend
3.GLD dividend 8.TSLA dividend   3.EOSE dividend
4.IWM dividend 9.AAPL dividend   4.KSS dividend
5.SPY dividend 10.QQQ dividend   5.ENVX dividend

Want more examples? CLLS Dividend | CLNE Dividend