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
17.51	17.94	17.89	+0.07	744K	-	1.9B

NVCR Dividend-Like Income Using Covered Calls

With NVCR at 17.89, 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%	0.54	0.1
5%	0.89	0.2
10%	1.79	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
Nov 15	18.00	0.40	3	13.3	0.06 (0.3%)
Dec 20	20.00	1.10	38	2.9	2.06 (11.5%)

5% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	18.00	0.40	3	13.3	0.06 (0.3%)
Dec 20	20.00	1.10	38	2.9	2.06 (11.5%)

10% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	18.00	0.40	3	13.3	0.06 (0.3%)
Dec 20	20.00	1.10	38	2.9	2.06 (11.5%)

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Top 10 Open Interest For Nov 15 Expiration				Top 5 High Yield
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Want more examples? NVAX Dividend | NVDA Dividend