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 Tue 4:16 PM ET):

NovoCure Limited - Ordinary Shares (NVCR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
14.70	15.63	14.89	-0.74	815K	-	1.7B

NVCR Dividend-Like Income Using Covered Calls

With NVCR at 14.89, 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%	0.45	0.1
5%	0.74	0.2
10%	1.49	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
Nov 15	16.00	1.20	46	2.6	0.37 (2.5%)
Oct 18	16.00	0.50	18	2.8	0.37 (2.5%)

5% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	16.00	1.20	46	2.6	0.37 (2.5%)
Oct 18	16.00	0.50	18	2.8	0.37 (2.5%)

10% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	16.00	1.20	46	2.6	0.37 (2.5%)
Oct 18	16.00	0.50	18	2.8	0.37 (2.5%)

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Top 10 Open Interest For Oct 18 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	ASTS dividend
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4.	FXI dividend	9.	TSLA dividend	4.	IONQ dividend
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Want more examples? NVAX Dividend | NVDA Dividend