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 Fri 4:16 PM ET):
| LivaNova PLC - Ordinary Shares (LIVN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 18.01 | 52.12 | 44.33 | -2.34 | 524K | - | 2.5B |
LIVN Dividend-Like Income Using Covered Calls
With LIVN at 44.33, 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% | 1.33 | 0.4 |
| 5% | 2.22 | 0.6 |
| 10% | 4.43 | 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 LIVN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 52.50 | 0.80 | 162 | 0.5 | 0.38 (0.9%) | |
| Jan 16 | 52.50 | 0.90 | 190 | 0.5 | 0.38 (0.9%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | NFE dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | APPS dividend | |
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| 5. | IWM dividend | 10. | QQQ dividend | 5. | PROK dividend | |
Want more examples? LITE Dividend | LKFN Dividend
