CSTM Dividend Type Payments

Although CSTM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Constellium SE Ordinary Shares (France) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:40 AM ET):

Constellium SE Ordinary Shares (France) (CSTM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
16.59	16.63	16.61	-0.30	753K	-	2.4B

CSTM Dividend-Like Income Using Covered Calls

With CSTM at 16.61, 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%	0.50	0.1
5%	0.83	0.2
10%	1.66	0.5

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 CSTM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	17.00	0.10	52	0.2	0.37 (2.2%)
Nov 21	17.00	0.35	24	1.5	0.37 (2.2%)

5% Yield On CSTM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	19.00	0.20	52	0.4	2.37 (14.3%)
Nov 21	17.00	0.35	24	1.5	0.37 (2.2%)

10% Yield On CSTM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	17.00	0.35	24	1.5	0.37 (2.2%)
May 15	17.00	1.05	199	0.5	0.37 (2.2%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	INTC dividend	1.	ALGN dividend
2.	KVUE dividend	7.	TLT dividend	2.	GHRS dividend
3.	NVDA dividend	8.	EEM dividend	3.	HTZ dividend
4.	SLV dividend	9.	HYG dividend	4.	IREN dividend
5.	GLD dividend	10.	QQQ dividend	5.	TERN dividend

Want more examples? CSTL Dividend | CSV Dividend