CRVL Dividend Type Payments
Although CRVL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CorVel Corp. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| CorVel Corp. (CRVL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 48.35 | 55.10 | 48.73 | -0.35 | 405K | 24 | 2.5B |
CRVL Dividend-Like Income Using Covered Calls
With CRVL at 48.73, 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% | 1.46 | 0.4 |
| 5% | 2.44 | 0.7 |
| 10% | 4.87 | 1.3 |
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 CRVL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 17 | 55.00 | 1.00 | 163 | 0.6 | 0.00 (0.0%) | |
| Mar 20 | 55.00 | 0.30 | 44 | 0.5 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | AMZN dividend | |
| 2. | KWEB dividend | 7. | EWZ dividend | 2. | BE dividend | |
| 3. | NVDA dividend | 8. | SPY dividend | 3. | MSTR dividend | |
| 4. | GLD dividend | 9. | INTC dividend | 4. | IREN dividend | |
| 5. | IBIT dividend | 10. | TLT dividend | 5. | RDDT dividend | |
Want more examples? CRUS Dividend | CRVS Dividend
