CHKP Dividend Type Payments

Check Point Software Technologies Ltd. - Ordinary Shares dividend

Although CHKP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Check Point Software Technologies 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 Fri 4:16 PM ET):

Check Point Software Technologies Ltd. - Ordinary Shares (CHKP)
Bid Ask Last Change Volume P/E Market Cap
180.00 206.00 187.08 +3.15 679K 20 25B

CHKP Dividend-Like Income Using Covered Calls

With CHKP at 187.08, 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% 5.61 1.5
5% 9.35 2.6
10% 18.71 5.1

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 CHKP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 210.00 0.95 57 1.7 4.00 (2.1%)
Oct 16 210.00 15.30 330 4.6 4.00 (2.1%)
5% Yield On CHKP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 16 210.00 15.30 330 4.6 4.00 (2.1%)
Apr 17 210.00 7.10 148 4.8 4.00 (2.1%)

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