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 Fri 3:00 PM ET):
NovoCure Limited - Ordinary Shares (NVCR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
18.95 | 19.00 | 18.98 | -0.43 | 481K | - | 2.2B |
NVCR Dividend-Like Income Using Covered Calls
With NVCR at 18.98, 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 | |
Jul 18 | 19.00 | 1.75 | 50 | 3.5 | 0.00 (0.0%) | |
Sep 19 | 19.00 | 2.50 | 113 | 2.2 | 0.00 (0.0%) |
5% Yield On NVCR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 18 | 19.00 | 1.75 | 50 | 3.5 | 0.00 (0.0%) | |
Sep 19 | 19.00 | 2.50 | 113 | 2.2 | 0.00 (0.0%) |
10% Yield On NVCR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 18 | 19.00 | 1.75 | 50 | 3.5 | 0.00 (0.0%) | |
Sep 19 | 19.00 | 2.50 | 113 | 2.2 | 0.00 (0.0%) |
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Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IWM dividend | 1. | ALT dividend | |
2. | SPY dividend | 7. | EEM dividend | 2. | IOT dividend | |
3. | SLV dividend | 8. | FXI dividend | 3. | SFIX dividend | |
4. | QQQ dividend | 9. | TSLA dividend | 4. | BBAI dividend | |
5. | GLD dividend | 10. | TLT dividend | 5. | IONQ dividend |
Want more examples? NVAX Dividend | NVDA Dividend