LOGI Dividend
Although LOGI has a dividend of 1.59 with an ex-dividend date of Sep 23, you can sell covered calls on Logitech International S.A. - Registered 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):
| Logitech International S.A. - Registered Shares (LOGI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 79.56 | 94.25 | 94.14 | -0.81 | 427K | 23 | 14B |
LOGI Dividend-Like Income Using Covered Calls
With LOGI at 94.14, 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% | 2.82 | 0.8 |
| 5% | 4.71 | 1.3 |
| 10% | 9.41 | 2.6 |
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 LOGI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 100.00 | 1.00 | 36 | 2.8 | 5.75 (6.1%) | |
| Jul 18 | 95.00 | 0.20 | 8 | 2.5 | 0.75 (0.8%) | |
| 5% Yield On LOGI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 100.00 | 1.00 | 36 | 2.8 | 5.75 (6.1%) | |
| Jul 18 | 95.00 | 0.20 | 8 | 2.5 | 0.75 (0.8%) | |
| 10% Yield On LOGI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 100.00 | 1.00 | 36 | 2.8 | 5.75 (6.1%) | |
| Sep 19 | 100.00 | 2.70 | 71 | 3.8 | 5.75 (6.1%) | |
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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 | |
| 3. | SPY dividend | 8. | IBIT dividend | 3. | BRSL dividend | |
| 4. | TSLA dividend | 9. | TLT dividend | 4. | METC dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | PROK dividend | |
Want more examples? LODE Dividend | LOMA Dividend
