NVO Dividend Type Payments

Novo Nordisk A/S dividend

Although NVO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Novo Nordisk A/S to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:00 PM ET):

Novo Nordisk A/S (NVO)
Bid Ask Last Change Volume P/E Market Cap
70.21 70.24 70.22 +1.21 3.6M 20 477B

NVO Dividend-Like Income Using Covered Calls

With NVO at 70.22, 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% 2.11 0.6
5% 3.51 1.0
10% 7.02 1.9

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 NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 1 70.00 3.45 32 10.0 0.00 (0.0%)
Jul 3 70.00 0.97 3 24.3 0.00 (0.0%)
5% Yield On NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 1 70.00 3.45 32 10.0 0.00 (0.0%)
Jul 3 70.00 0.97 3 24.3 0.00 (0.0%)
10% Yield On NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 1 70.00 3.45 32 10.0 0.00 (0.0%)
Jul 3 70.00 0.97 3 24.3 0.00 (0.0%)

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