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
163.25 200.00 184.14 +5.62 732K - 8.8B

CRL Dividend-Like Income Using Covered Calls

With CRL at 184.14, 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% 5.52 1.5
5% 9.21 2.5
10% 18.41 5.0

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
Dec 19 200.00 5.40 61 8.9 0.00 (0.0%)
Nov 21 200.00 4.60 33 13.9 0.00 (0.0%)
5% Yield On CRL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 200.00 5.40 61 8.9 0.00 (0.0%)
Nov 21 200.00 4.60 33 13.9 0.00 (0.0%)
10% Yield On CRL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 200.00 5.40 61 8.9 0.00 (0.0%)
Nov 21 200.00 4.60 33 13.9 0.00 (0.0%)

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Top 10 Open Interest For Nov 21 Expiration     Top 5 High Yield
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Want more examples? CRK Dividend | CRM Dividend