ALKS Dividend Type Payments

Although ALKS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alkermes plc - 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):

Alkermes plc - Ordinary Shares (ALKS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
33.06	34.70	34.72	-0.12	1.5M	17	5.8B

ALKS Dividend-Like Income Using Covered Calls

With ALKS at 34.72, 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%	1.04	0.3
5%	1.74	0.5
10%	3.47	1.0

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 ALKS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	35.00	1.15	11	10.5	0.30 (0.9%)
Mar 20	35.00	2.20	39	5.6	0.30 (0.9%)

5% Yield On ALKS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	35.00	1.15	11	10.5	0.30 (0.9%)
Mar 20	35.00	2.20	39	5.6	0.30 (0.9%)

10% Yield On ALKS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	35.00	1.15	11	10.5	0.30 (0.9%)
Mar 20	35.00	2.20	39	5.6	0.30 (0.9%)

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Want more examples? ALK Dividend | ALL Dividend