CNA Dividend

Although CNA has a dividend of 2.00 with an ex-dividend date of Feb 23, you can sell covered calls on CNA Financial 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):

CNA Financial Corporation (CNA)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
47.47	48.85	48.55	-0.25	419K	13	13B

CNA Dividend-Like Income Using Covered Calls

With CNA at 48.55, 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%	1.46	0.4
5%	2.43	0.7
10%	4.86	1.3

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 CNA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	50.00	0.40	38	1.1	1.15 (2.4%)
Aug 21	50.00	2.10	192	1.1	1.15 (2.4%)

5% Yield On CNA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	50.00	0.40	38	1.1	1.15 (2.4%)
Aug 21	50.00	2.10	192	1.1	1.15 (2.4%)

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

Top 10 Open Interest For Feb 20 Expiration				Top 5 High Yield
1.	SLV dividend	6.	QQQ dividend	1.	NRGV dividend
2.	NVDA dividend	7.	SPY dividend	2.	APP dividend
3.	KWEB dividend	8.	EWZ dividend	3.	AAP dividend
4.	GLD dividend	9.	TLT dividend	4.	CSCO dividend
5.	IBIT dividend	10.	INTC dividend	5.	PINS dividend

Want more examples? CMTL Dividend | CNC Dividend