CTAS Dividend

Although CTAS has a dividend of 0.45 with an ex-dividend date of Aug 15, you can sell covered calls on Cintas Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Cintas Corporation (CTAS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
220.00	225.50	222.86	-2.23	1.1M	51	91B

CTAS Dividend-Like Income Using Covered Calls

With CTAS at 222.86, 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%	6.69	1.8
5%	11.14	3.1
10%	22.29	6.1

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 CTAS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	225.00	3.40	32	9.1	0.00 (0.0%)
Aug 8	227.50	0.10	4	2.5	2.00 (0.9%)

5% Yield On CTAS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	225.00	3.40	32	9.1	0.00 (0.0%)
Aug 15	225.00	1.25	11	6.8	0.00 (0.0%)

10% Yield On CTAS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	225.00	3.40	32	9.1	0.00 (0.0%)
Aug 15	225.00	1.25	11	6.8	0.00 (0.0%)

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

Top 10 Open Interest For Aug 15 Expiration				Top 5 High Yield
1.	SLV dividend	6.	GLD dividend	1.	LFMD dividend
2.	NVDA dividend	7.	TSLA dividend	2.	MBX dividend
3.	IWM dividend	8.	AMZN dividend	3.	SNAP dividend
4.	SPY dividend	9.	QQQ dividend	4.	RIVN dividend
5.	IBIT dividend	10.	AAPL dividend	5.	BBIO dividend

Want more examples? CSX Dividend | CTBI Dividend