CSV Dividend Type Payments

Carriage Services, Inc. dividend

Although CSV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Carriage Services, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Carriage Services, Inc. (CSV)
Bid Ask Last Change Volume P/E Market Cap
40.19 44.30 42.32 +1.14 73K 13 0.6B

CSV Dividend-Like Income Using Covered Calls

With CSV at 42.32, 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% 1.27 0.3
5% 2.12 0.6
10% 4.23 1.2

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 CSV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 45.00 0.65 57 1.1 0.70 (1.7%)
Apr 17 45.00 0.80 148 0.5 0.70 (1.7%)
5% Yield On CSV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 45.00 0.65 57 1.1 0.70 (1.7%)
Jul 17 45.00 2.60 239 1.1 0.70 (1.7%)

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Want more examples? CSTM Dividend | CSWC Dividend