LIVN Dividend Type Payments
Although LIVN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on LivaNova 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 Mon 4:16 PM ET):
| LivaNova PLC - Ordinary Shares (LIVN) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 39.78 |
43.02 |
41.41 |
+2.17 |
1.1M |
34 |
2.1B |
LIVN Dividend-Like Income Using Covered Calls
With LIVN at 41.41, 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% |
1.24 |
0.3 |
| 5% |
2.07 |
0.6 |
| 10% |
4.14 |
1.1 |
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 LIVN Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Apr 17 |
45.00 |
0.50 |
32 |
1.6 |
1.98 (4.8%) |
| Oct 17 |
45.00 |
3.20 |
215 |
1.5 |
1.98 (4.8%) |
| 5% Yield On LIVN Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Apr 17 |
45.00 |
0.50 |
32 |
1.6 |
1.98 (4.8%) |
| Oct 17 |
45.00 |
3.20 |
215 |
1.5 |
1.98 (4.8%) |
| 10% Yield On LIVN Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Apr 17 |
45.00 |
0.50 |
32 |
1.6 |
1.98 (4.8%) |
| Oct 17 |
45.00 |
3.20 |
215 |
1.5 |
1.98 (4.8%) |
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