CPS Dividend Type Payments
Although CPS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cooper-Standard Holdings Inc. 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):
Cooper-Standard Holdings Inc. (CPS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
13.20 | 14.41 | 13.48 | -0.70 | 347K | - | 0.2B |
CPS Dividend-Like Income Using Covered Calls
With CPS at 13.48, 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% | 0.40 | 0.1 |
5% | 0.67 | 0.2 |
10% | 1.35 | 0.4 |
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 CPS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 18 | 15.00 | 0.25 | 29 | 0.9 | 0.59 (4.4%) | |
Dec 20 | 15.00 | 0.75 | 92 | 0.8 | 0.59 (4.4%) |
5% Yield On CPS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 18 | 15.00 | 0.25 | 29 | 0.9 | 0.59 (4.4%) | |
Dec 20 | 15.00 | 0.75 | 92 | 0.8 | 0.59 (4.4%) |
10% Yield On CPS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 18 | 15.00 | 0.25 | 29 | 0.9 | 0.59 (4.4%) | |
Dec 20 | 15.00 | 0.75 | 92 | 0.8 | 0.59 (4.4%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | RLAY dividend | |
2. | IWM dividend | 7. | GLD dividend | 2. | LUNR dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | MARA dividend | |
4. | QQQ dividend | 9. | EEM dividend | 4. | CPRI dividend | |
5. | HYG dividend | 10. | AAPL dividend | 5. | MBLY dividend |
Want more examples? CPRX Dividend | CPSS Dividend