CUBE Dividend Type Payments

CubeSmart Common Shares dividend

Although CUBE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CubeSmart Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:15 PM ET):

CubeSmart Common Shares (CUBE)
Bid Ask Last Change Volume P/E Market Cap
49.16 49.18 49.17 +0.55 339K 28 11B

CUBE Dividend-Like Income Using Covered Calls

With CUBE at 49.17, 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% 1.48 0.4
5% 2.46 0.7
10% 4.92 1.3

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 CUBE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 50.00 1.00 32 3.1 0.82 (1.7%)
May 16 50.00 2.65 179 1.5 0.82 (1.7%)
5% Yield On CUBE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 50.00 1.00 32 3.1 0.82 (1.7%)
May 16 50.00 2.65 179 1.5 0.82 (1.7%)
10% Yield On CUBE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 50.00 1.00 32 3.1 0.82 (1.7%)
May 16 50.00 2.65 179 1.5 0.82 (1.7%)

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

 
 
Top 10 Open Interest For Dec 20 Expiration     Top 5 High Yield
1.NVDA dividend 6.QQQ dividend   1.SAVA dividend
2.SPY dividend 7.XLF dividend   2.HUT dividend
3.EEM dividend 8.KWEB dividend   3.CRVS dividend
4.FXI dividend 9.TLT dividend   4.RCAT dividend
5.IWM dividend 10.AAPL dividend   5.ANAB dividend

Want more examples? CTVA Dividend | CUBI Dividend