NICE Dividend Type Payments
Although NICE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on NICE Ltd - American Depositary Shares each representing one Ordinary Sha to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| NICE Ltd - American Depositary Shares each representing one Ordinary Sha (NICE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 196.50 | 201.00 | 199.17 | +6.28 | 1.3M | 32 | 5.1B |
NICE Dividend-Like Income Using Covered Calls
With NICE at 199.17, 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% | 5.98 | 1.6 |
| 5% | 9.96 | 2.7 |
| 10% | 19.92 | 5.5 |
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 NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 200.00 | 8.70 | 3 | 256.7 | 0.00 (0.0%) | |
| Dec 20 | 200.00 | 12.40 | 38 | 30.0 | 0.00 (0.0%) | |
| 5% Yield On NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 200.00 | 8.70 | 3 | 256.7 | 0.00 (0.0%) | |
| Dec 20 | 200.00 | 12.40 | 38 | 30.0 | 0.00 (0.0%) | |
| 10% Yield On NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 200.00 | 8.70 | 3 | 256.7 | 0.00 (0.0%) | |
| Dec 20 | 200.00 | 12.40 | 38 | 30.0 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Nov 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | FXI dividend | 6. | IWM dividend | 1. | AAP dividend | |
| 2. | NVDA dividend | 7. | EEM dividend | 2. | CAPR dividend | |
| 3. | TSLA dividend | 8. | TLT dividend | 3. | RKLB dividend | |
| 4. | SPY dividend | 9. | SMCI dividend | 4. | DLO dividend | |
| 5. | SLV dividend | 10. | EWZ dividend | 5. | NICE dividend | |
Want more examples? NI Dividend | NINE Dividend
