RPRX Dividend Type Payments

Although RPRX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Royalty Pharma plc - Class A 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 4:16 PM ET):

Royalty Pharma plc - Class A Ordinary Shares (RPRX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
36.25	36.80	36.24	+0.40	2.0M	15	20B

RPRX Dividend-Like Income Using Covered Calls

With RPRX at 36.24, 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%	1.09	0.3
5%	1.81	0.5
10%	3.62	1.0

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 RPRX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	37.50	0.10	33	0.3	0.70 (1.9%)
Oct 17	37.50	0.45	96	0.5	0.70 (1.9%)

5% Yield On RPRX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	37.50	1.50	159	0.9	0.70 (1.9%)
Jan 16	37.50	1.60	187	0.9	0.70 (1.9%)

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