DOX Dividend

Although DOX has a dividend of 0.53 with an ex-dividend date of Jun 30, you can sell covered calls on Amdocs Limited - 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):

Amdocs Limited - Ordinary Shares (DOX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
89.50	94.80	91.95	-2.13	719K	20	12B

DOX Dividend-Like Income Using Covered Calls

With DOX at 91.95, 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%	2.76	0.8
5%	4.60	1.3
10%	9.20	2.5

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 DOX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	100.00	1.10	127	0.9	5.20 (5.7%)
Jul 18	95.00	0.50	36	1.4	0.20 (0.2%)

5% Yield On DOX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	95.00	1.90	127	1.5	0.20 (0.2%)
Jul 18	95.00	0.50	36	1.4	0.20 (0.2%)

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Want more examples? DOW Dividend | DPST Dividend