NVMI Dividend Type Payments
Although NVMI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Nova Ltd. - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:05 AM ET):
| Nova Ltd. - Ordinary Shares (NVMI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 208.24 | 209.75 | 209.28 | -4.34 | 35K | 32 | 6.1B |
NVMI Dividend-Like Income Using Covered Calls
With NVMI at 209.28, 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% | 6.28 | 1.7 |
| 5% | 10.46 | 2.9 |
| 10% | 20.93 | 5.7 |
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 NVMI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 210.00 | 18.10 | 75 | 24.1 | 0.25 (0.1%) | |
| Jul 18 | 210.00 | 12.70 | 47 | 27.0 | 0.25 (0.1%) | |
| 5% Yield On NVMI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 210.00 | 18.10 | 75 | 24.1 | 0.25 (0.1%) | |
| Jul 18 | 210.00 | 12.70 | 47 | 27.0 | 0.25 (0.1%) | |
| 10% Yield On NVMI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 210.00 | 18.10 | 75 | 24.1 | 0.25 (0.1%) | |
| Jul 18 | 210.00 | 12.70 | 47 | 27.0 | 0.25 (0.1%) | |
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| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | MDB dividend | |
| 2. | SPY dividend | 7. | EEM dividend | 2. | QUBT dividend | |
| 3. | SLV dividend | 8. | FXI dividend | 3. | OKLO dividend | |
| 4. | QQQ dividend | 9. | TSLA dividend | 4. | RCAT dividend | |
| 5. | GLD dividend | 10. | TLT dividend | 5. | IOT dividend | |
Want more examples? NVGS Dividend | NVO Dividend
