AUDC Dividend Type Payments
Although AUDC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AudioCodes 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 Fri 4:16 PM ET):
AudioCodes Ltd. - Ordinary Shares (AUDC) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
8.81 | 9.98 | 9.29 | -0.37 | 42K | 17 | 0.3B |
AUDC Dividend-Like Income Using Covered Calls
With AUDC at 9.29, 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% | 0.28 | 0.1 |
5% | 0.46 | 0.1 |
10% | 0.93 | 0.3 |
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 AUDC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 10.00 | 0.20 | 36 | 0.6 | 0.02 (0.2%) |
5% Yield On AUDC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 10.00 | 0.20 | 36 | 0.6 | 0.02 (0.2%) |
10% Yield On AUDC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 10.00 | 0.20 | 36 | 0.6 | 0.02 (0.2%) |
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1. | NVDA dividend | 6. | GLD dividend | 1. | NFE dividend | |
2. | SLV dividend | 7. | AAPL dividend | 2. | APPS dividend | |
3. | SPY dividend | 8. | IBIT dividend | 3. | BRSL dividend | |
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Want more examples? AUB Dividend | AUPH Dividend