NBIX Dividend Type Payments

Although NBIX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Neurocrine Biosciences, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:35 PM ET):

Neurocrine Biosciences, Inc. (NBIX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
108.23	108.47	108.33	+1.87	156K	32	11B

NBIX Dividend-Like Income Using Covered Calls

With NBIX at 108.33, 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%	3.25	0.9
5%	5.42	1.5
10%	10.83	3.0

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 NBIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	110.00	8.30	109	7.6	1.53 (1.4%)
May 16	110.00	3.00	18	16.7	1.53 (1.4%)

5% Yield On NBIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	110.00	8.30	109	7.6	1.53 (1.4%)
May 16	110.00	3.00	18	16.7	1.53 (1.4%)

10% Yield On NBIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	110.00	8.30	109	7.6	1.53 (1.4%)
May 16	110.00	3.00	18	16.7	1.53 (1.4%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	WGS dividend
2.	SPY dividend	7.	IWM dividend	2.	ZETA dividend
3.	TLT dividend	8.	FXI dividend	3.	ENVX dividend
4.	SLV dividend	9.	TSLA dividend	4.	RDDT dividend
5.	QQQ dividend	10.	IBIT dividend	5.	SNAP dividend

Want more examples? NBHC Dividend | NBR Dividend