EDAP Dividend Type Payments

EDAP TMS S.A. - American Depositary Shares, each representing One Ordina dividend

Although EDAP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on EDAP TMS S.A. - American Depositary Shares, each representing One Ordina to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

EDAP TMS S.A. - American Depositary Shares, each representing One Ordina (EDAP)
Bid Ask Last Change Volume P/E Market Cap
1.88 2.24 2.15 +0.07 31K - 0.0B

EDAP Dividend-Like Income Using Covered Calls

With EDAP at 2.15, 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% 0.06 0.0
5% 0.11 0.0
10% 0.22 0.1

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 EDAP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 5.00 0.05 179 0.0 2.76 (128.4%)
Feb 20 2.50 0.05 95 0.1 0.26 (12.1%)
5% Yield On EDAP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 2.50 0.05 95 0.1 0.26 (12.1%)

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