ENVA Dividend Type Payments

Although ENVA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Enova International, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:30 PM ET):

Enova International, Inc. (ENVA)
Bid Ask Last Change Volume P/E Market Cap
113.60 113.92 113.88 +2.36 143K 13 2.8B

ENVA Dividend-Like Income Using Covered Calls

With ENVA at 113.88, 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% 3.42 0.9
5% 5.69 1.6
10% 11.39 3.1

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 ENVA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 115.00 5.40 46 11.7 1.08 (0.9%)
Jul 18 115.00 2.70 18 15.0 1.08 (0.9%)
5% Yield On ENVA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 115.00 5.40 46 11.7 1.08 (0.9%)
Jul 18 115.00 2.70 18 15.0 1.08 (0.9%)
10% Yield On ENVA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 115.00 5.40 46 11.7 1.08 (0.9%)
Jul 18 115.00 2.70 18 15.0 1.08 (0.9%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Jul 18 Expiration     Top 5 High Yield
1.NVDA dividend 6.GLD dividend   1.CIFR dividend
2.SLV dividend 7.AAPL dividend   2.COGT dividend
3.SPY dividend 8.TLT dividend   3.EOSE dividend
4.IWM dividend 9.FXI dividend   4.STZ dividend
5.TSLA dividend 10.QQQ dividend   5.HTZ dividend

Want more examples? ENTG Dividend | ENZL Dividend