CSR Dividend
Although CSR has a dividend of 0.77 with an ex-dividend date of Sep 29, you can sell covered calls on D/B/A Centerspace to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:55 PM ET):
| D/B/A Centerspace (CSR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 57.39 | 57.62 | 57.41 | +0.41 | 78K | - | 1.0B |
CSR Dividend-Like Income Using Covered Calls
With CSR at 57.41, 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% | 1.72 | 0.5 |
| 5% | 2.87 | 0.8 |
| 10% | 5.74 | 1.6 |
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:
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | CBRL dividend | |
| 2. | SPY dividend | 7. | IBIT dividend | 2. | AEVA dividend | |
| 3. | PCG dividend | 8. | IWM dividend | 3. | OPEN dividend | |
| 4. | TSLA dividend | 9. | SLV dividend | 4. | QURE dividend | |
| 5. | QQQ dividend | 10. | FXI dividend | 5. | LDI dividend | |
Want more examples? CSM Dividend | CSRE Dividend
