CRESY Dividend Type Payments

Cresud S.A.C.I.F. y A. - American Depositary Shares, each representing t dividend

Although CRESY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cresud S.A.C.I.F. y A. - American Depositary Shares, each representing t to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Cresud S.A.C.I.F. y A. - American Depositary Shares, each representing t (CRESY)
Bid Ask Last Change Volume P/E Market Cap
11.00 12.35 11.17 -0.06 118K - 0.2B

CRESY Dividend-Like Income Using Covered Calls

With CRESY at 11.17, 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% 0.34 0.1
5% 0.56 0.2
10% 1.12 0.3

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 CRESY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 12.50 0.15 18 0.8 0.15 (1.3%)
Nov 21 12.50 0.70 207 0.3 0.15 (1.3%)
5% Yield On CRESY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 12.50 0.15 18 0.8 0.15 (1.3%)
Nov 21 12.50 0.70 207 0.3 0.15 (1.3%)
10% Yield On CRESY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 12.50 0.15 18 0.8 0.15 (1.3%)
Nov 21 12.50 0.70 207 0.3 0.15 (1.3%)

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