NVCR Dividend Type Payments

Although NVCR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on NovoCure Limited - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

NovoCure Limited - Ordinary Shares (NVCR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
18.42	19.22	18.97	+0.53	465K	-	2.0B

NVCR Dividend-Like Income Using Covered Calls

With NVCR at 18.97, 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%	0.57	0.2
5%	0.95	0.3
10%	1.90	0.5

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 NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	20.00	1.20	51	2.4	0.78 (4.1%)
Apr 17	20.00	0.55	22	2.5	0.78 (4.1%)

5% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	20.00	1.20	51	2.4	0.78 (4.1%)
Apr 17	20.00	0.55	22	2.5	0.78 (4.1%)

10% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	20.00	1.20	51	2.4	0.78 (4.1%)
Apr 17	20.00	0.55	22	2.5	0.78 (4.1%)

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Top 10 Open Interest For Apr 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	EWTX dividend
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4.	SLV dividend	9.	IWM dividend	4.	RIOT dividend
5.	QQQ dividend	10.	TSLA dividend	5.	ACHR dividend

Want more examples? NVAX Dividend | NVDA Dividend