CMCO Dividend Type Payments

Although CMCO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Columbus McKinnon Corporation 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):

Columbus McKinnon Corporation (CMCO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
15.51	17.23	16.33	+0.65	226K	-	0.4B

CMCO Dividend-Like Income Using Covered Calls

With CMCO at 16.33, 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%	0.49	0.1
5%	0.82	0.2
10%	1.63	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 CMCO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	17.50	0.25	45	0.6	0.27 (1.7%)
Jul 18	20.00	0.05	17	0.3	2.77 (17.0%)

5% Yield On CMCO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	17.50	0.25	45	0.6	0.27 (1.7%)
Jul 18	20.00	0.05	17	0.3	2.77 (17.0%)

10% Yield On CMCO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	17.50	0.25	45	0.6	0.27 (1.7%)
Sep 19	17.50	0.65	80	0.8	0.27 (1.7%)

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

Top 10 Open Interest For Jul 18 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	COGT dividend
2.	SLV dividend	7.	AAPL dividend	2.	RUN dividend
3.	SPY dividend	8.	TLT dividend	3.	OSCR dividend
4.	IWM dividend	9.	FXI dividend	4.	EOSE dividend
5.	TSLA dividend	10.	QQQ dividend	5.	ETSY dividend

Want more examples? CMCM Dividend | CMCSA Dividend