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 Thu 11:50 AM ET):

Cooper-Standard Holdings Inc. (CPS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
38.29	38.59	38.44	-0.12	56K	23	0.7B

CPS Dividend-Like Income Using Covered Calls

With CPS at 38.44, 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%	1.15	0.3
5%	1.92	0.5
10%	3.84	1.1

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
Dec 19	40.00	3.10	51	6.1	1.41 (3.7%)
Nov 21	40.00	2.40	23	10.4	1.41 (3.7%)

5% Yield On CPS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	40.00	3.10	51	6.1	1.41 (3.7%)
Nov 21	40.00	2.40	23	10.4	1.41 (3.7%)

10% Yield On CPS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	40.00	3.10	51	6.1	1.41 (3.7%)
Nov 21	40.00	2.40	23	10.4	1.41 (3.7%)

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

Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	INTC dividend	1.	IREN dividend
2.	KVUE dividend	7.	TLT dividend	2.	SOUN dividend
3.	NVDA dividend	8.	HYG dividend	3.	TERN dividend
4.	SLV dividend	9.	EEM dividend	4.	NVTS dividend
5.	GLD dividend	10.	ASST dividend	5.	HIMS dividend

Want more examples? CPRX Dividend | CPSS Dividend