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 Wed 2:20 PM ET):

Casella Waste Systems, Inc. - Class A (CWST)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
116.68	117.05	116.96	+0.62	103K	529	7.4B

CWST Dividend-Like Income Using Covered Calls

With CWST at 116.96, 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%	3.51	1.0
5%	5.85	1.6
10%	11.70	3.2

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	120.00	1.80	59	3.1	2.95 (2.5%)
Sep 19	120.00	3.50	94	3.7	2.95 (2.5%)

5% Yield On CWST Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	120.00	1.80	59	3.1	2.95 (2.5%)
Sep 19	120.00	3.50	94	3.7	2.95 (2.5%)

10% Yield On CWST Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	120.00	3.50	94	3.7	2.95 (2.5%)
Dec 19	120.00	7.10	185	3.8	2.95 (2.5%)

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Want more examples? CWS Dividend | CWT Dividend