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 Wed 4:16 PM ET):

NovoCure Limited - Ordinary Shares (NVCR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
13.50	14.37	13.77	+0.12	909K	-	1.5B

NVCR Dividend-Like Income Using Covered Calls

With NVCR at 13.77, 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%	0.41	0.1
5%	0.69	0.2
10%	1.38	0.4

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
Jan 16	15.00	0.05	3	1.7	0.63 (4.6%)
Jun 18	15.00	0.50	156	0.3	0.63 (4.6%)

5% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	15.00	0.05	3	1.7	0.63 (4.6%)
Jun 18	15.00	0.50	156	0.3	0.63 (4.6%)

10% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	15.00	0.05	3	1.7	0.63 (4.6%)
Feb 20	15.00	1.00	38	2.6	0.63 (4.6%)

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