TEVA Dividend Type Payments
Although TEVA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Teva Pharmaceutical Industries Limited American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:10 AM ET):
Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
17.73 | 17.74 | 17.74 | +0.02 | 1.5M | - | 12B |
TEVA Dividend-Like Income Using Covered Calls
With TEVA at 17.74, 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% | 0.53 | 0.1 |
5% | 0.89 | 0.2 |
10% | 1.77 | 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 TEVA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 1 | 18.00 | 0.71 | 39 | 1.8 | 0.26 (1.5%) | |
Oct 4 | 18.00 | 0.25 | 11 | 2.3 | 0.26 (1.5%) |
5% Yield On TEVA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 1 | 18.00 | 0.71 | 39 | 1.8 | 0.26 (1.5%) | |
Oct 4 | 18.00 | 0.25 | 11 | 2.3 | 0.26 (1.5%) |
10% Yield On TEVA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 1 | 18.00 | 0.71 | 39 | 1.8 | 0.26 (1.5%) | |
Oct 4 | 18.00 | 0.25 | 11 | 2.3 | 0.26 (1.5%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | DJT dividend | |
2. | IWM dividend | 7. | EEM dividend | 2. | CPRI dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | MBLY dividend | |
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5. | HYG dividend | 10. | AAPL dividend | 5. | BYND dividend |
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