CPT Dividend

Although CPT has a dividend of 1.03 with an ex-dividend date of Sep 30, you can sell covered calls on Camden Property Trust 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):

Camden Property Trust (CPT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
123.75	125.73	125.21	-1.45	1.5M	35	14B

CPT Dividend-Like Income Using Covered Calls

With CPT at 125.21, 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%	3.76	1.0
5%	6.26	1.7
10%	12.52	3.4

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 CPT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 18	130.00	0.30	29	1.0	4.27 (3.4%)
May 16	130.00	3.80	239	1.6	4.27 (3.4%)

5% Yield On CPT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 21	130.00	4.40	155	2.8	4.27 (3.4%)

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Want more examples? CPST Dividend | CQP Dividend