ITRN Dividend

Although ITRN has a dividend of 0.15 with an ex-dividend date of Dec 29, 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 Tue 3:00 PM ET):

Ituran Location and Control Ltd. - Ordinary Shares (ITRN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
42.10	42.22	42.16	-1.62	87K	15	1.0B

ITRN Dividend-Like Income Using Covered Calls

With ITRN at 42.16, 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%	1.26	0.3
5%	2.11	0.6
10%	4.22	1.2

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
Feb 20	45.00	0.60	67	0.9	2.78 (6.6%)

5% Yield On ITRN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	45.00	0.60	67	0.9	2.78 (6.6%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	TSLA dividend	1.	ALT dividend
2.	SPY dividend	7.	SLV dividend	2.	SGML dividend
3.	IBIT dividend	8.	NFLX dividend	3.	IREN dividend
4.	QQQ dividend	9.	XLF dividend	4.	NNE dividend
5.	TLT dividend	10.	AMZN dividend	5.	BB dividend

Want more examples? ITRI Dividend | ITT Dividend