CW Dividend Type Payments
Although CW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Curtiss-Wright Corporation 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):
| Curtiss-Wright Corporation (CW) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 635.50 | 689.02 | 649.08 | -8.34 | 187K | 54 | 24B |
CW Dividend-Like Income Using Covered Calls
With CW at 649.08, 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% | 19.47 | 5.3 |
| 5% | 32.45 | 8.9 |
| 10% | 64.91 | 17.8 |
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 CW Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 690.00 | 32.40 | 113 | 28.7 | 0.98 (0.2%) | |
| Jun 18 | 690.00 | 38.90 | 147 | 26.5 | 0.98 (0.2%) | |
| 5% Yield On CW Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 690.00 | 32.40 | 113 | 28.7 | 0.98 (0.2%) | |
| Jun 18 | 690.00 | 38.90 | 147 | 26.5 | 0.98 (0.2%) | |
| 10% Yield On CW Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 690.00 | 32.40 | 113 | 28.7 | 0.98 (0.2%) | |
| Jun 18 | 690.00 | 38.90 | 147 | 26.5 | 0.98 (0.2%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KWEB dividend | 6. | QQQ dividend | 1. | OCUL dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | ONDS dividend | |
| 3. | NVDA dividend | 8. | AAPL dividend | 3. | SOC dividend | |
| 4. | IBIT dividend | 9. | HYG dividend | 4. | HYMC dividend | |
| 5. | CORZ dividend | 10. | SPY dividend | 5. | QURE dividend | |
Want more examples? CVY Dividend | CWB Dividend
