VRNA Dividend Type Payments
Although VRNA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Verona Pharma plc - 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 Mon 4:16 PM ET):
| Verona Pharma plc - American Depositary Shares (VRNA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 105.26 | 105.80 | 105.79 | +0.52 | 1.2M | - | 9.0B |
VRNA Dividend-Like Income Using Covered Calls
With VRNA at 105.79, 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% | 3.17 | 0.9 |
| 5% | 5.29 | 1.4 |
| 10% | 10.58 | 2.9 |
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:
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | MBX dividend | |
| 2. | PCG dividend | 7. | FXI dividend | 2. | ATYR dividend | |
| 3. | IWM dividend | 8. | IBIT dividend | 3. | ONDS dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | IREN dividend | |
| 5. | EEM dividend | 10. | KWEB dividend | 5. | BHVN dividend | |
Want more examples? VREX Dividend | VRNS Dividend
