NTCT Dividend Type Payments
Although NTCT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on NetScout Systems, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| NetScout Systems, Inc. (NTCT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 27.30 | 28.42 | 27.87 | +0.59 | 316K | 22 | 2.0B |
NTCT Dividend-Like Income Using Covered Calls
With NTCT at 27.87, 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% | 0.84 | 0.2 |
| 5% | 1.39 | 0.4 |
| 10% | 2.79 | 0.8 |
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 NTCT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 30.00 | 0.75 | 144 | 0.5 | 1.58 (5.7%) | |
| Feb 20 | 30.00 | 0.30 | 26 | 1.2 | 1.58 (5.7%) | |
| 5% Yield On NTCT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 30.00 | 0.75 | 144 | 0.5 | 1.58 (5.7%) | |
| Feb 20 | 30.00 | 0.30 | 26 | 1.2 | 1.58 (5.7%) | |
| 10% Yield On NTCT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 20 | 30.00 | 0.30 | 26 | 1.2 | 1.58 (5.7%) | |
| Mar 20 | 30.00 | 0.65 | 54 | 1.2 | 1.58 (5.7%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KWEB dividend | 6. | CORZ dividend | 1. | OCUL dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | APLD dividend | |
| 3. | NVDA dividend | 8. | AAPL dividend | 3. | SLV dividend | |
| 4. | IBIT dividend | 9. | HYG dividend | 4. | QURE dividend | |
| 5. | QQQ dividend | 10. | SPY dividend | 5. | ENPH dividend | |
Want more examples? NTAP Dividend | NTES Dividend
