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 Tue 4:16 PM ET):

AudioCodes Ltd. - Ordinary Shares (AUDC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
10.41	10.98	10.68	+0.16	29K	38	0.3B

AUDC Dividend-Like Income Using Covered Calls

With AUDC at 10.68, 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%	0.32	0.1
5%	0.53	0.1
10%	1.07	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
Jun 21	12.50	0.20	60	0.3	1.52 (14.2%)
Sep 20	12.50	0.45	151	0.3	1.52 (14.2%)

5% Yield On AUDC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 21	12.50	0.20	60	0.3	1.52 (14.2%)
Sep 20	12.50	0.45	151	0.3	1.52 (14.2%)

10% Yield On AUDC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 21	12.50	0.20	60	0.3	1.52 (14.2%)
Sep 20	12.50	0.45	151	0.3	1.52 (14.2%)

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