CPA Dividend Type Payments
Although CPA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Copa Holdings, S.A. Copa Holdings, S.A. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
| Copa Holdings, S.A. Copa Holdings, S.A. Class A (CPA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 125.00 | 132.65 | 130.90 | +0.59 | 325K | - | 5.5B |
CPA Dividend-Like Income Using Covered Calls
With CPA at 130.90, 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% | 3.93 | 1.1 |
| 5% | 6.55 | 1.8 |
| 10% | 13.09 | 3.6 |
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 CPA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 135.00 | 6.60 | 127 | 5.2 | 2.35 (1.8%) | |
| Jan 16 | 135.00 | 0.30 | 8 | 3.8 | 2.35 (1.8%) | |
| 5% Yield On CPA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 135.00 | 6.60 | 127 | 5.2 | 2.35 (1.8%) | |
| Jan 16 | 135.00 | 0.30 | 8 | 3.8 | 2.35 (1.8%) | |
| 10% Yield On CPA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 135.00 | 6.60 | 127 | 5.2 | 2.35 (1.8%) | |
| Jan 16 | 135.00 | 0.30 | 8 | 3.8 | 2.35 (1.8%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | LXEO dividend | |
| 2. | INTC dividend | 7. | SPY dividend | 2. | SOC dividend | |
| 3. | IBIT dividend | 8. | NFLX dividend | 3. | DAWN dividend | |
| 4. | TLT dividend | 9. | GLD dividend | 4. | TE dividend | |
| 5. | SLV dividend | 10. | QQQ dividend | 5. | CRVS dividend | |
Want more examples? CP Dividend | CPB Dividend
