CRS Dividend

Although CRS has a dividend of 0.20 with an ex-dividend date of Oct 21, you can sell covered calls on Carpenter Technology Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Carpenter Technology Corporation (CRS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
230.00	255.00	242.18	+0.01	513K	33	12B

CRS Dividend-Like Income Using Covered Calls

With CRS at 242.18, 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%	7.27	2.0
5%	12.11	3.3
10%	24.22	6.6

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 CRS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	260.00	0.10	3	3.3	5.00 (2.1%)
Dec 19	260.00	12.20	66	18.5	5.00 (2.1%)

5% Yield On CRS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	260.00	0.10	3	3.3	5.00 (2.1%)
Dec 19	260.00	12.20	66	18.5	5.00 (2.1%)

10% Yield On CRS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	260.00	12.20	66	18.5	5.00 (2.1%)
Nov 21	260.00	9.10	38	23.9	5.00 (2.1%)

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Top 10 Open Interest For Oct 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	INTC dividend	1.	BHVN dividend
2.	IBIT dividend	7.	SLV dividend	2.	NB dividend
3.	SPY dividend	8.	AMZN dividend	3.	SANA dividend
4.	GLD dividend	9.	QQQ dividend	4.	AREC dividend
5.	TSLA dividend	10.	OPEN dividend	5.	EU dividend

Want more examples? CROX Dividend | CRSP Dividend