JAZZ Dividend Type Payments

Jazz Pharmaceuticals plc - Ordinary Shares dividend

Although JAZZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Jazz Pharmaceuticals 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 Fri 12:25 PM ET):

Jazz Pharmaceuticals plc - Ordinary Shares (JAZZ)
Bid Ask Last Change Volume P/E Market Cap
137.34 137.76 137.54 +1.24 172K - 8.3B

JAZZ Dividend-Like Income Using Covered Calls

With JAZZ at 137.54, 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% 4.13 1.1
5% 6.88 1.9
10% 13.75 3.8

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 JAZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 140.00 9.00 50 18.0 2.24 (1.6%)
Nov 21 140.00 3.90 22 17.7 2.24 (1.6%)
5% Yield On JAZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 140.00 9.00 50 18.0 2.24 (1.6%)
Nov 21 140.00 3.90 22 17.7 2.24 (1.6%)
10% Yield On JAZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 140.00 9.00 50 18.0 2.24 (1.6%)
Nov 21 140.00 3.90 22 17.7 2.24 (1.6%)

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