RCL Dividend Type Payments

Although RCL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on D/B/A Royal Caribbean Cruises Ltd. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:55 PM ET):

D/B/A Royal Caribbean Cruises Ltd. (RCL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
209.60	209.86	209.86	+5.47	728K	21	55B

RCL Dividend-Like Income Using Covered Calls

With RCL at 209.86, 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%	6.30	1.7
5%	10.49	2.9
10%	20.99	5.7

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 RCL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	210.00	8.65	32	27.0	0.14 (0.1%)
Nov 8	210.00	3.30	4	82.5	0.14 (0.1%)

5% Yield On RCL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	210.00	8.65	32	27.0	0.14 (0.1%)
Nov 8	210.00	3.30	4	82.5	0.14 (0.1%)

10% Yield On RCL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	210.00	8.65	32	27.0	0.14 (0.1%)
Nov 8	210.00	3.30	4	82.5	0.14 (0.1%)

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Want more examples? RCKT Dividend | RCM Dividend