ADI Dividend Type Payments

Analog Devices, Inc. dividend

Although ADI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Analog Devices, Inc. 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):

Analog Devices, Inc. (ADI)
Bid Ask Last Change Volume P/E Market Cap
234.00 236.42 234.67 +9.35 4.2M 58 111B

ADI Dividend-Like Income Using Covered Calls

With ADI at 234.67, 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% 7.04 1.9
5% 11.73 3.2
10% 23.47 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 ADI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 7 240.00 7.10 26 27.3 3.58 (1.5%)
Nov 14 240.00 8.00 33 24.2 3.58 (1.5%)
5% Yield On ADI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 7 240.00 7.10 26 27.3 3.58 (1.5%)
Nov 14 240.00 8.00 33 24.2 3.58 (1.5%)
10% Yield On ADI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 7 240.00 7.10 26 27.3 3.58 (1.5%)
Nov 14 240.00 8.00 33 24.2 3.58 (1.5%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Oct 17 Expiration     Top 5 High Yield
1.NVDA dividend 6.TSLA dividend   1.ARCT dividend
2.IBIT dividend 7.INTC dividend   2.NVTS dividend
3.GLD dividend 8.QQQ dividend   3.HIVE dividend
4.SPY dividend 9.IWM dividend   4.AAOI dividend
5.SLV dividend 10.AMZN dividend   5.BTBT dividend

Want more examples? ADCT Dividend | ADM Dividend