WIX Dividend Type Payments

Although WIX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Wix.com Ltd. - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Wix.com Ltd. - Ordinary Shares (WIX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
103.00	106.00	105.50	+0.07	643K	-	5.9B

WIX Dividend-Like Income Using Covered Calls

With WIX at 105.50, 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%	5.28	1.4
10%	10.55	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:

3% Yield On WIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	110.00	0.30	22	1.4	4.00 (3.8%)
Apr 17	110.00	9.60	113	8.5	4.00 (3.8%)

5% Yield On WIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	115.00	0.35	22	1.6	9.00 (8.5%)
Apr 17	110.00	9.60	113	8.5	4.00 (3.8%)

10% Yield On WIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	110.00	9.60	113	8.5	4.00 (3.8%)
Jul 17	110.00	12.40	204	6.1	4.00 (3.8%)

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Want more examples? WIT Dividend | WK Dividend