CR Dividend Type Payments

Crane Holdings, Co. dividend

Although CR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Crane Holdings, Co. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Crane Holdings, Co. (CR)
Bid Ask Last Change Volume P/E Market Cap
174.82 193.57 180.66 -2.13 367K 30 11B

CR Dividend-Like Income Using Covered Calls

With CR at 180.66, 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% 5.42 1.5
5% 9.03 2.5
10% 18.07 4.9

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 CR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 200.00 0.55 31 1.8 6.43 (3.6%)
Dec 19 195.00 6.00 94 6.4 1.43 (0.8%)
5% Yield On CR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 195.00 6.00 94 6.4 1.43 (0.8%)
Mar 20 195.00 10.20 185 5.5 1.43 (0.8%)
10% Yield On CR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 195.00 6.00 94 6.4 1.43 (0.8%)
Mar 20 195.00 10.20 185 5.5 1.43 (0.8%)

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