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 Mon 4:16 PM ET):

Curtiss-Wright Corporation (CW)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
446.41	493.93	469.99	-3.09	463K	42	18B

CW Dividend-Like Income Using Covered Calls

With CW at 469.99, 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%	14.10	3.9
5%	23.50	6.4
10%	47.00	12.9

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
Aug 15	500.00	11.80	61	19.3	6.07 (1.3%)
Jul 18	500.00	3.90	33	11.8	6.07 (1.3%)

5% Yield On CW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	500.00	11.80	61	19.3	6.07 (1.3%)
Jul 18	500.00	3.90	33	11.8	6.07 (1.3%)

10% Yield On CW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	500.00	11.80	61	19.3	6.07 (1.3%)
Sep 19	500.00	17.70	96	18.4	6.07 (1.3%)

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Want more examples? CVY Dividend | CWB Dividend