CPB Dividend Type Payments

The Campbell's Company dividend

Although CPB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on The Campbell's Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:50 PM ET):

The Campbell's Company (CPB)
Bid Ask Last Change Volume P/E Market Cap
33.72 33.73 33.73 +0.16 1.6M 22 10B

CPB Dividend-Like Income Using Covered Calls

With CPB at 33.73, 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% 1.01 0.3
5% 1.69 0.5
10% 3.37 0.9

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 CPB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 3 34.00 0.55 17 3.2 0.27 (0.8%)
Oct 10 34.00 0.70 24 2.9 0.27 (0.8%)
5% Yield On CPB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 3 34.00 0.55 17 3.2 0.27 (0.8%)
Oct 10 34.00 0.70 24 2.9 0.27 (0.8%)
10% Yield On CPB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 3 34.00 0.55 17 3.2 0.27 (0.8%)
Oct 10 34.00 0.70 24 2.9 0.27 (0.8%)

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

 
 
Top 10 Open Interest For Sep 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.OPEN dividend
2.SPY dividend 7.IBIT dividend   2.QURE dividend
3.PCG dividend 8.IWM dividend   3.CBRL dividend
4.TSLA dividend 9.SLV dividend   4.CDTX dividend
5.QQQ dividend 10.FXI dividend   5.AIV dividend

Want more examples? CPA Dividend | CPER Dividend