CRL Dividend Type Payments

Charles River Laboratories International, Inc. dividend

Although CRL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Charles River Laboratories International, Inc. 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):

Charles River Laboratories International, Inc. (CRL)
Bid Ask Last Change Volume P/E Market Cap
110.00 118.50 115.08 +0.42 1.4M 573 5.9B

CRL Dividend-Like Income Using Covered Calls

With CRL at 115.08, 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% 3.45 0.9
5% 5.75 1.6
10% 11.51 3.2

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 CRL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 120.00 11.50 110 10.5 1.50 (1.3%)
May 16 120.00 4.40 19 23.2 1.50 (1.3%)
5% Yield On CRL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 120.00 11.50 110 10.5 1.50 (1.3%)
May 16 120.00 4.40 19 23.2 1.50 (1.3%)
10% Yield On CRL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 120.00 11.50 110 10.5 1.50 (1.3%)
May 16 120.00 4.40 19 23.2 1.50 (1.3%)

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

 
 
Top 10 Open Interest For May 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.GLD dividend   1.ZETA dividend
2.SPY dividend 7.IWM dividend   2.RDDT dividend
3.TLT dividend 8.FXI dividend   3.JBLU dividend
4.SLV dividend 9.TSLA dividend   4.SNAP dividend
5.QQQ dividend 10.IBIT dividend   5.NCLH dividend

Want more examples? CRK Dividend | CRM Dividend