IEX Dividend Type Payments

Although IEX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on IDEX Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

IDEX Corporation (IEX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
172.88	186.00	185.69	+2.03	369K	29	14B

IEX Dividend-Like Income Using Covered Calls

With IEX at 185.69, 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%	5.57	1.5
5%	9.28	2.5
10%	18.57	5.1

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 IEX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	190.00	3.50	85	4.1	4.00 (2.2%)
Sep 19	190.00	2.40	57	4.2	4.00 (2.2%)

5% Yield On IEX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	190.00	3.50	85	4.1	4.00 (2.2%)
Sep 19	190.00	2.40	57	4.2	4.00 (2.2%)

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Want more examples? IEV Dividend | IEZ Dividend