CVLG Dividend

Although CVLG has a dividend of 0.07 with an ex-dividend date of Jun 6, you can sell covered calls on Covenant Logistics Group, Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 12:30 PM ET):

Covenant Logistics Group, Inc. Class A (CVLG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
22.73	22.81	22.77	-0.10	32K	16	0.6B

CVLG Dividend-Like Income Using Covered Calls

With CVLG at 22.77, 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%	0.68	0.2
5%	1.14	0.3
10%	2.28	0.6

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 CVLG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	25.00	0.70	114	0.6	2.19 (9.6%)
Dec 19	25.00	0.60	205	0.3	2.19 (9.6%)

5% Yield On CVLG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	25.00	0.70	114	0.6	2.19 (9.6%)

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