CRM Dividend Type Payments

Salesforce, Inc. dividend

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

Salesforce, Inc. (CRM)
Bid Ask Last Change Volume P/E Market Cap
190.85 191.22 191.35 +1.38 13.6M 25 178B

CRM Dividend-Like Income Using Covered Calls

With CRM at 191.35, 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% 5.74 1.6
5% 9.57 2.6
10% 19.14 5.2

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 CRM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 6 195.00 9.40 29 32.4 3.78 (2.0%)
Feb 13 192.50 4.40 8 55.0 1.28 (0.7%)
5% Yield On CRM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 6 195.00 9.40 29 32.4 3.78 (2.0%)
Feb 13 192.50 4.40 8 55.0 1.28 (0.7%)
10% Yield On CRM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 6 195.00 9.40 29 32.4 3.78 (2.0%)
Feb 13 192.50 4.40 8 55.0 1.28 (0.7%)

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Top 10 Open Interest For Feb 20 Expiration     Top 5 High Yield
1.SLV dividend 6.QQQ dividend   1.APLD dividend
2.KWEB dividend 7.SPY dividend   2.U dividend
3.NVDA dividend 8.EWZ dividend   3.CLSK dividend
4.IBIT dividend 9.TLT dividend   4.PINS dividend
5.GLD dividend 10.INTC dividend   5.NET dividend

Want more examples? CRL Dividend | CRMD Dividend