ADI Dividend

Analog Devices, Inc. dividend

Although ADI has a dividend of 0.99 with an ex-dividend date of Jun 4, you can sell covered calls on Analog Devices, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:10 PM ET):

Analog Devices, Inc. (ADI)
Bid Ask Last Change Volume P/E Market Cap
217.53 217.63 217.58 +7.11 1.8M 57 104B

ADI Dividend-Like Income Using Covered Calls

With ADI at 217.58, 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% 6.53 1.8
5% 10.88 3.0
10% 21.76 6.0

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 ADI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 3 220.00 7.20 38 18.9 2.37 (1.1%)
Jun 6 217.50 4.40 11 38.8 0.00 (0.0%)
5% Yield On ADI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 3 220.00 7.20 38 18.9 2.37 (1.1%)
Jun 6 217.50 4.40 11 38.8 0.00 (0.0%)
10% Yield On ADI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 3 220.00 7.20 38 18.9 2.37 (1.1%)
Jun 6 217.50 4.40 11 38.8 0.00 (0.0%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Jun 20 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.NBIS dividend
2.SPY dividend 7.EEM dividend   2.ACHR dividend
3.SLV dividend 8.FXI dividend   3.TEM dividend
4.QQQ dividend 9.TSLA dividend   4.CLSK dividend
5.GLD dividend 10.TLT dividend   5.RUN dividend

Want more examples? ADCT Dividend | ADM Dividend