ICLR Dividend Type Payments
Although ICLR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ICON plc - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| ICON plc - Ordinary Shares (ICLR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 163.00 | 175.00 | 165.33 | -0.62 | 879K | 23 | 8.8B |
ICLR Dividend-Like Income Using Covered Calls
With ICLR at 165.33, 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% | 4.96 | 1.4 |
| 5% | 8.27 | 2.3 |
| 10% | 16.53 | 4.5 |
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 ICLR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 175.00 | 5.30 | 51 | 10.4 | 0.00 (0.0%) | |
| Nov 21 | 175.00 | 2.20 | 23 | 9.6 | 0.00 (0.0%) | |
| 5% Yield On ICLR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 175.00 | 5.30 | 51 | 10.4 | 0.00 (0.0%) | |
| Nov 21 | 175.00 | 2.20 | 23 | 9.6 | 0.00 (0.0%) | |
| 10% Yield On ICLR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 175.00 | 5.30 | 51 | 10.4 | 0.00 (0.0%) | |
| Nov 21 | 175.00 | 2.20 | 23 | 9.6 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | INTC dividend | 1. | GHRS dividend | |
| 2. | KVUE dividend | 7. | TLT dividend | 2. | IREN dividend | |
| 3. | NVDA dividend | 8. | HYG dividend | 3. | BITF dividend | |
| 4. | SLV dividend | 9. | EEM dividend | 4. | SOUN dividend | |
| 5. | GLD dividend | 10. | ASST dividend | 5. | NVTS dividend | |
Want more examples? ICLN Dividend | ICMB Dividend
