CWCO Dividend
Although CWCO has a dividend of 0.14 with an ex-dividend date of Jan 2, you can sell covered calls on Consolidated Water Co. Ltd. - Ordinary Shares 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):
| Consolidated Water Co. Ltd. - Ordinary Shares (CWCO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 31.07 | 39.00 | 34.34 | +0.22 | 71K | 35 | 0.5B |
CWCO Dividend-Like Income Using Covered Calls
With CWCO at 34.34, 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% | 1.03 | 0.3 |
| 5% | 1.72 | 0.5 |
| 10% | 3.43 | 0.9 |
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 CWCO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 40.00 | 0.65 | 172 | 0.4 | 1.00 (2.9%) | |
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | RZLT dividend | |
| 2. | IWM dividend | 7. | SLV dividend | 2. | IMNM dividend | |
| 3. | IBIT dividend | 8. | GLD dividend | 3. | NTNX dividend | |
| 4. | SPY dividend | 9. | TLT dividend | 4. | IREN dividend | |
| 5. | QQQ dividend | 10. | FXI dividend | 5. | VTYX dividend | |
Want more examples? CWB Dividend | CWEB Dividend
