CYBR Dividend Type Payments
Although CYBR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CyberArk Software 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):
| CyberArk Software Ltd. - Ordinary Shares (CYBR) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 385.00 |
422.91 |
422.82 |
+4.44 |
1.2M |
- |
16B |
CYBR Dividend-Like Income Using Covered Calls
With CYBR at 422.82, 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% |
12.68 |
3.5 |
| 5% |
21.14 |
5.8 |
| 10% |
42.28 |
11.6 |
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 CYBR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
430.00 |
1.05 |
3 |
35.0 |
7.09 (1.7%) |
| Oct 17 |
430.00 |
17.90 |
66 |
27.1 |
7.09 (1.7%) |
| 5% Yield On CYBR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
430.00 |
1.05 |
3 |
35.0 |
7.09 (1.7%) |
| Oct 17 |
430.00 |
17.90 |
66 |
27.1 |
7.09 (1.7%) |
| 10% Yield On CYBR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
430.00 |
1.05 |
3 |
35.0 |
7.09 (1.7%) |
| Oct 17 |
430.00 |
17.90 |
66 |
27.1 |
7.09 (1.7%) |
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