CR Dividend

Crane Holdings, Co. dividend

Although CR has a dividend of 0.21 with an ex-dividend date of Nov 29, 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 Mon 4:16 PM ET):

Crane Holdings, Co. (CR)
Bid Ask Last Change Volume P/E Market Cap
160.58 173.65 171.21 -2.29 241K 38 10B

CR Dividend-Like Income Using Covered Calls

With CR at 171.21, 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% 5.14 1.4
5% 8.56 2.3
10% 17.12 4.7

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 CR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 175.00 4.50 33 13.6 1.35 (0.8%)
Jan 17 175.00 5.10 61 8.4 1.35 (0.8%)
5% Yield On CR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 175.00 4.50 33 13.6 1.35 (0.8%)
Jan 17 175.00 5.10 61 8.4 1.35 (0.8%)
10% Yield On CR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 175.00 4.50 33 13.6 1.35 (0.8%)
Jan 17 175.00 5.10 61 8.4 1.35 (0.8%)

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