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 4:16 PM ET):
| D/B/A Royal Caribbean Cruises Ltd. (RCL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 249.50 | 254.90 | 251.42 | +4.71 | 1.6M | 17 | 67B |
RCL Dividend-Like Income Using Covered Calls
With RCL at 251.42, 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% | 7.54 | 2.1 |
| 5% | 12.57 | 3.4 |
| 10% | 25.14 | 6.9 |
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 RCL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 255.00 | 7.00 | 18 | 38.9 | 0.10 (0.0%) | |
| Dec 12 | 255.00 | 9.00 | 25 | 36.0 | 0.10 (0.0%) | |
| 5% Yield On RCL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 255.00 | 7.00 | 18 | 38.9 | 0.10 (0.0%) | |
| Dec 12 | 255.00 | 9.00 | 25 | 36.0 | 0.10 (0.0%) | |
| 10% Yield On RCL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 255.00 | 7.00 | 18 | 38.9 | 0.10 (0.0%) | |
| Dec 12 | 255.00 | 9.00 | 25 | 36.0 | 0.10 (0.0%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | OLMA dividend | |
| 2. | IBIT dividend | 7. | SLV dividend | 2. | GLBE dividend | |
| 3. | KVUE dividend | 8. | QQQ dividend | 3. | TMC dividend | |
| 4. | NFLX dividend | 9. | TLT dividend | 4. | IMNM dividend | |
| 5. | TSLA dividend | 10. | HYG dividend | 5. | RZLT dividend | |
Want more examples? RCKT Dividend | RCUS Dividend
