EW Dividend Type Payments

Although EW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Edwards Lifesciences Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:20 AM ET):

Edwards Lifesciences Corporation (EW)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
77.79	77.88	77.86	+1.84	1.4M	11	45B

EW Dividend-Like Income Using Covered Calls

With EW at 77.86, 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%	2.34	0.6
5%	3.89	1.1
10%	7.79	2.1

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 EW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	77.50	4.40	59	6.8	0.00 (0.0%)
Nov 21	77.50	4.10	31	12.0	0.00 (0.0%)

5% Yield On EW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	77.50	4.40	59	6.8	0.00 (0.0%)
Nov 21	77.50	4.10	31	12.0	0.00 (0.0%)

10% Yield On EW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	77.50	4.40	59	6.8	0.00 (0.0%)
Nov 21	77.50	4.10	31	12.0	0.00 (0.0%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
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5.	GLD dividend	10.	INTC dividend	5.	SOUN dividend

Want more examples? EVX Dividend | EWA Dividend