COO Dividend Type Payments

The Cooper Companies, Inc. dividend

Although COO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on The Cooper Companies, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:55 PM ET):

The Cooper Companies, Inc. (COO)
Bid Ask Last Change Volume P/E Market Cap
82.44 82.47 82.47 +1.43 2.5M 43 16B

COO Dividend-Like Income Using Covered Calls

With COO at 82.47, 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% 2.47 0.7
5% 4.12 1.1
10% 8.25 2.3

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 COO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 90.00 0.05 3 1.7 7.53 (9.1%)
May 15 100.00 1.15 150 0.8 17.53 (21.3%)
5% Yield On COO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 90.00 0.05 3 1.7 7.53 (9.1%)
May 15 85.00 6.20 150 4.1 2.53 (3.1%)
10% Yield On COO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 85.00 6.20 150 4.1 2.53 (3.1%)
Jan 16 85.00 1.50 31 4.8 2.53 (3.1%)

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

 
 
Top 10 Open Interest For Dec 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.TSLA dividend   1.EWTX dividend
2.SPY dividend 7.NFLX dividend   2.TMC dividend
3.IBIT dividend 8.SLV dividend   3.ALT dividend
4.QQQ dividend 9.XLF dividend   4.OMER dividend
5.TLT dividend 10.AMZN dividend   5.CTMX dividend

Want more examples? COMM Dividend | COP Dividend