AUDC Dividend Type Payments

AudioCodes Ltd. - Ordinary Shares dividend

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

AudioCodes Ltd. - Ordinary Shares (AUDC)
Bid Ask Last Change Volume P/E Market Cap
9.01 9.07 9.02 +0.06 66K 16 0.3B

AUDC Dividend-Like Income Using Covered Calls

With AUDC at 9.02, 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% 0.27 0.1
5% 0.45 0.1
10% 0.90 0.2

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 AUDC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 10.00 0.15 31 0.5 0.93 (10.3%)
Sep 19 10.00 0.15 66 0.2 0.93 (10.3%)
5% Yield On AUDC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 10.00 0.15 31 0.5 0.93 (10.3%)
Sep 19 10.00 0.15 66 0.2 0.93 (10.3%)
10% Yield On AUDC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 10.00 0.15 31 0.5 0.93 (10.3%)

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