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 Wed 9:35 AM ET):

Cooper-Standard Holdings Inc. (CPS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
25.37	25.77	25.59	+0.15	50K	-	0.4B

CPS Dividend-Like Income Using Covered Calls

With CPS at 25.59, 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%	0.77	0.2
5%	1.28	0.4
10%	2.56	0.7

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 17	30.00	2.95	164	1.8	4.23 (16.5%)
Jul 18	30.00	1.20	73	1.6	4.23 (16.5%)

5% Yield On CPS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	30.00	2.95	164	1.8	4.23 (16.5%)
Jul 18	30.00	1.20	73	1.6	4.23 (16.5%)

10% Yield On CPS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	30.00	2.95	164	1.8	4.23 (16.5%)
Jul 18	30.00	1.20	73	1.6	4.23 (16.5%)

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

Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	APP dividend
2.	SPY dividend	7.	FXI dividend	2.	IONQ dividend
3.	TLT dividend	8.	TSLA dividend	3.	QBTS dividend
4.	QQQ dividend	9.	GLD dividend	4.	PINS dividend
5.	SLV dividend	10.	INTC dividend	5.	DKNG dividend

Want more examples? CPRX Dividend | CPSS Dividend