ALKS Dividend Type Payments

Although ALKS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alkermes plc - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Alkermes plc - Ordinary Shares (ALKS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
30.79	32.56	31.66	-0.99	1.4M	15	5.3B

ALKS Dividend-Like Income Using Covered Calls

With ALKS at 31.66, 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%	0.95	0.3
5%	1.58	0.4
10%	3.17	0.9

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 ALKS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	33.00	2.75	135	2.0	0.44 (1.4%)
Nov 21	33.00	3.80	233	1.6	0.44 (1.4%)

5% Yield On ALKS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	33.00	2.75	135	2.0	0.44 (1.4%)
Nov 21	33.00	3.80	233	1.6	0.44 (1.4%)

10% Yield On ALKS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	33.00	2.75	135	2.0	0.44 (1.4%)
Nov 21	33.00	3.80	233	1.6	0.44 (1.4%)

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Want more examples? ALK Dividend | ALL Dividend