CRNT Dividend Type Payments
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 4:16 PM ET):
Ceragon Networks Ltd. - Ordinary Shares (CRNT) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
2.57 | 2.64 | 2.60 | -0.08 | 383K | 38 | 0.2B |
CRNT Dividend-Like Income Using Covered Calls
With CRNT at 2.60, 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% | 0.08 | 0.0 |
5% | 0.13 | 0.0 |
10% | 0.26 | 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 20 | 3.00 | 0.05 | 92 | 0.1 | 0.36 (13.8%) | |
Mar 21 | 3.00 | 0.10 | 183 | 0.1 | 0.36 (13.8%) |
5% Yield On CRNT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 3.00 | 0.05 | 92 | 0.1 | 0.36 (13.8%) | |
Mar 21 | 3.00 | 0.10 | 183 | 0.1 | 0.36 (13.8%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | RLAY dividend | |
2. | IWM dividend | 7. | GLD dividend | 2. | LUNR dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | MARA dividend | |
4. | QQQ dividend | 9. | EEM dividend | 4. | CPRI dividend | |
5. | HYG dividend | 10. | AAPL dividend | 5. | MBLY dividend |
Want more examples? CRNC Dividend | CRON Dividend