CSTE Dividend Type Payments

Caesarstone Ltd. - Ordinary Shares dividend

Although CSTE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Caesarstone 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 Wed 4:16 PM ET):

Caesarstone Ltd. - Ordinary Shares (CSTE)
Bid Ask Last Change Volume P/E Market Cap
1.45 1.55 1.49 -0.02 141K - 0.1B

CSTE Dividend-Like Income Using Covered Calls

With CSTE at 1.49, 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% 0.04 0.0
5% 0.07 0.0
10% 0.15 0.0

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 CSTE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 2.50 0.05 122 0.0 0.95 (63.8%)
5% Yield On CSTE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 2.50 0.05 122 0.0 0.95 (63.8%)
10% Yield On CSTE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 2.50 0.05 122 0.0 0.95 (63.8%)

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