IDXX Dividend Type Payments

Although IDXX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on IDEXX Laboratories, Inc. 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):

IDEXX Laboratories, Inc. (IDXX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
710.00	720.62	722.12	-0.82	654K	60	58B

IDXX Dividend-Like Income Using Covered Calls

With IDXX at 722.12, 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%	21.66	5.9
5%	36.11	9.9
10%	72.21	19.8

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 IDXX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	720.00	26.90	46	57.1	0.00 (0.0%)
Nov 21	720.00	14.40	18	76.6	0.00 (0.0%)

5% Yield On IDXX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	720.00	26.90	46	57.1	0.00 (0.0%)
Nov 21	720.00	14.40	18	76.6	0.00 (0.0%)

10% Yield On IDXX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	720.00	26.90	46	57.1	0.00 (0.0%)
Nov 21	720.00	14.40	18	76.6	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.	PINS dividend
2.	KVUE dividend	7.	TLT dividend	2.	UPST dividend
3.	NVDA dividend	8.	ASST dividend	3.	SMR dividend
4.	SLV dividend	9.	HYG dividend	4.	SMCI dividend
5.	GLD dividend	10.	EEM dividend	5.	TTD dividend

Want more examples? IDX Dividend | IDYA Dividend