ZBRA Dividend Type Payments
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 |
| 365.44 | 375.00 | 375.02 | +5.78 | 209K | 83 | 19B |
ZBRA Dividend-Like Income Using Covered Calls
With ZBRA at 375.02, 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% | 11.25 | 3.1 |
| 5% | 18.75 | 5.1 |
| 10% | 37.50 | 10.3 |
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 | |
| Nov 15 | 380.00 | 13.70 | 36 | 38.1 | 5.00 (1.3%) | |
| Oct 18 | 380.00 | 1.70 | 8 | 21.3 | 5.00 (1.3%) | |
| 5% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 380.00 | 13.70 | 36 | 38.1 | 5.00 (1.3%) | |
| Oct 18 | 380.00 | 1.70 | 8 | 21.3 | 5.00 (1.3%) | |
| 10% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 380.00 | 13.70 | 36 | 38.1 | 5.00 (1.3%) | |
| Oct 18 | 380.00 | 1.70 | 8 | 21.3 | 5.00 (1.3%) | |
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| Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | DJT dividend | |
| 2. | IWM dividend | 7. | SLV dividend | 2. | CPRI dividend | |
| 3. | FXI dividend | 8. | TSLA dividend | 3. | WOLF dividend | |
| 4. | SPY dividend | 9. | SMCI dividend | 4. | ARDX dividend | |
| 5. | QQQ dividend | 10. | HYG dividend | 5. | SAVA dividend | |
Want more examples? ZBH Dividend | ZDGE Dividend
