CODI Dividend Type Payments
Although CODI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on D/B/A Compass Diversified Holdings Shares of Beneficial Interest to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:10 AM ET):
D/B/A Compass Diversified Holdings Shares of Beneficial Interest (CODI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
21.54 | 21.58 | 21.56 | -0.03 | 42K | 25 | 1.6B |
CODI Dividend-Like Income Using Covered Calls
With CODI at 21.56, 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% | 0.65 | 0.2 |
5% | 1.08 | 0.3 |
10% | 2.16 | 0.6 |
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 CODI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 22.50 | 0.40 | 54 | 0.7 | 0.92 (4.3%) | |
Oct 18 | 22.50 | 0.10 | 26 | 0.4 | 0.92 (4.3%) |
5% Yield On CODI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 22.50 | 0.40 | 54 | 0.7 | 0.92 (4.3%) | |
Oct 18 | 22.50 | 0.10 | 26 | 0.4 | 0.92 (4.3%) |
10% Yield On CODI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 22.50 | 0.40 | 54 | 0.7 | 0.92 (4.3%) | |
Dec 20 | 22.50 | 0.55 | 89 | 0.6 | 0.92 (4.3%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | DJT dividend | |
2. | IWM dividend | 7. | GLD dividend | 2. | CPRI dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | WULF dividend | |
4. | QQQ dividend | 9. | EEM dividend | 4. | APLD dividend | |
5. | HYG dividend | 10. | AAPL dividend | 5. | BYND dividend |
Want more examples? COCO Dividend | CODX Dividend