VPG Dividend Type Payments
Although VPG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vishay Precision Group, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
Vishay Precision Group, Inc. (VPG) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
26.58 | 29.45 | 28.49 | +0.25 | 156K | 123 | 0.4B |
VPG Dividend-Like Income Using Covered Calls
With VPG at 28.49, 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% | 0.85 | 0.2 |
5% | 1.42 | 0.4 |
10% | 2.85 | 0.8 |
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 VPG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 30.00 | 0.85 | 39 | 2.2 | 0.55 (1.9%) | |
Jul 18 | 30.00 | 0.05 | 11 | 0.5 | 0.55 (1.9%) |
5% Yield On VPG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 30.00 | 0.85 | 39 | 2.2 | 0.55 (1.9%) | |
Jul 18 | 30.00 | 0.05 | 11 | 0.5 | 0.55 (1.9%) |
10% Yield On VPG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 30.00 | 0.85 | 39 | 2.2 | 0.55 (1.9%) | |
Sep 19 | 30.00 | 2.00 | 74 | 2.7 | 0.55 (1.9%) |
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Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | GLD dividend | 1. | CIFR dividend | |
2. | SLV dividend | 7. | AAPL dividend | 2. | PRAX dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | AEVA dividend | |
4. | TSLA dividend | 9. | IBIT dividend | 4. | RXRX dividend | |
5. | IWM dividend | 10. | QQQ dividend | 5. | CELC dividend |
Want more examples? VPC Dividend | VPL Dividend