CRNT Dividend Type Payments

Ceragon Networks Ltd. - Ordinary Shares dividend

Although CRNT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ceragon Networks Ltd. - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:10 AM ET):

Ceragon Networks Ltd. - Ordinary Shares (CRNT)
Bid Ask Last Change Volume P/E Market Cap
2.26 2.27 2.26 +0.03 46K 14 0.2B

CRNT Dividend-Like Income Using Covered Calls

With CRNT at 2.26, 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% 0.07 0.0
5% 0.11 0.0
10% 0.23 0.1

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 CRNT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 18 3.00 0.20 316 0.1 0.73 (32.3%)
5% Yield On CRNT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 18 3.00 0.20 316 0.1 0.73 (32.3%)
10% Yield On CRNT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 18 3.00 0.20 316 0.1 0.73 (32.3%)

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