ITRN Dividend Type Payments

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

Ituran Location and Control Ltd. - Ordinary Shares (ITRN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
33.10	34.16	34.06	+0.73	143K	13	0.8B

ITRN Dividend-Like Income Using Covered Calls

With ITRN at 34.06, 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%	1.02	0.3
5%	1.70	0.5
10%	3.41	0.9

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 ITRN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	35.00	1.15	192	0.6	0.84 (2.5%)
May 16	35.00	0.50	101	0.5	0.84 (2.5%)

5% Yield On ITRN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	35.00	1.15	192	0.6	0.84 (2.5%)
May 16	35.00	0.50	101	0.5	0.84 (2.5%)

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Want more examples? ITRI Dividend | ITT Dividend