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 Tue 4:16 PM ET):

Wix.com Ltd. - Ordinary Shares (WIX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
133.21	138.00	133.80	-3.78	1.4M	58	7.7B

WIX Dividend-Like Income Using Covered Calls

With WIX at 133.80, 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%	4.01	1.1
5%	6.69	1.8
10%	13.38	3.7

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
Dec 19	140.00	10.20	60	17.0	2.00 (1.5%)
Nov 21	140.00	6.40	32	20.0	2.00 (1.5%)

5% Yield On WIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	140.00	10.20	60	17.0	2.00 (1.5%)
Nov 21	140.00	6.40	32	20.0	2.00 (1.5%)

10% Yield On WIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	140.00	10.20	60	17.0	2.00 (1.5%)
Nov 21	140.00	6.40	32	20.0	2.00 (1.5%)

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Want more examples? WIT Dividend | WK Dividend