ZBRA Dividend Type Payments

Zebra Technologies Corporation - Class A dividend

Although ZBRA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Zebra Technologies Corporation - Class A 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):

Zebra Technologies Corporation - Class A (ZBRA)
Bid Ask Last Change Volume P/E Market Cap
232.02 239.65 234.98 -2.98 505K 24 12B

ZBRA Dividend-Like Income Using Covered Calls

With ZBRA at 234.98, 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% 7.05 1.9
5% 11.75 3.2
10% 23.50 6.4

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 ZBRA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 240.00 16.50 106 15.6 0.35 (0.1%)
Dec 18 240.00 32.10 323 9.9 0.35 (0.1%)
5% Yield On ZBRA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 240.00 16.50 106 15.6 0.35 (0.1%)
Dec 18 240.00 32.10 323 9.9 0.35 (0.1%)
10% Yield On ZBRA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 240.00 16.50 106 15.6 0.35 (0.1%)
Dec 18 240.00 32.10 323 9.9 0.35 (0.1%)

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