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 Tue 4:16 PM ET):

Jazz Pharmaceuticals plc - Ordinary Shares (JAZZ)
Bid Ask Last Change Volume P/E Market Cap
137.54 141.50 138.95 -1.27 867K 16 8.5B

JAZZ Dividend-Like Income Using Covered Calls

With JAZZ at 138.95, 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% 4.17 1.1
5% 6.95 1.9
10% 13.90 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
Apr 17 145.00 1.60 45 3.6 3.50 (2.5%)
Sep 19 145.00 10.40 200 5.2 3.50 (2.5%)
5% Yield On JAZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 145.00 1.60 45 3.6 3.50 (2.5%)
Sep 19 145.00 10.40 200 5.2 3.50 (2.5%)
10% Yield On JAZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 145.00 10.40 200 5.2 3.50 (2.5%)
Dec 19 145.00 13.40 291 4.6 3.50 (2.5%)

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