NDLS Dividend Type Payments

Noodles & Company dividend

Although NDLS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Noodles & Company 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):

Noodles & Company (NDLS)
Bid Ask Last Change Volume P/E Market Cap
0.65 0.71 0.65 -0.06 804K - 0.0B

NDLS Dividend-Like Income Using Covered Calls

With NDLS at 0.65, 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% 0.02 0.0
5% 0.03 0.0
10% 0.07 0.0

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 NDLS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 2.50 0.05 50 0.1 1.79 (275.4%)
May 15 2.50 0.15 197 0.1 1.79 (275.4%)
5% Yield On NDLS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 2.50 0.05 50 0.1 1.79 (275.4%)
May 15 2.50 0.15 197 0.1 1.79 (275.4%)
10% Yield On NDLS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 2.50 0.05 50 0.1 1.79 (275.4%)
May 15 2.50 0.15 197 0.1 1.79 (275.4%)

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