CWST Dividend Type Payments

Although CWST has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Casella Waste Systems, 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 Fri 4:16 PM ET):

Casella Waste Systems, Inc. - Class A (CWST)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
98.88	99.28	99.08	-0.27	574K	552	6.3B

CWST Dividend-Like Income Using Covered Calls

With CWST at 99.08, 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%	2.97	0.8
5%	4.95	1.4
10%	9.91	2.7

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 CWST Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	100.00	0.90	8	11.3	0.72 (0.7%)
Sep 19	100.00	2.60	43	6.0	0.72 (0.7%)

5% Yield On CWST Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	100.00	0.90	8	11.3	0.72 (0.7%)
Sep 19	100.00	2.60	43	6.0	0.72 (0.7%)

10% Yield On CWST Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	100.00	0.90	8	11.3	0.72 (0.7%)
Sep 19	100.00	2.60	43	6.0	0.72 (0.7%)

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Want more examples? CWS Dividend | CWT Dividend