CGEN Dividend Type Payments

Compugen Ltd. - Ordinary Shares dividend

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

Compugen Ltd. - Ordinary Shares (CGEN)
Bid Ask Last Change Volume P/E Market Cap
1.51 1.65 1.53 -0.07 539K - 0.1B

CGEN Dividend-Like Income Using Covered Calls

With CGEN at 1.53, 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% 0.05 0.0
5% 0.08 0.0
10% 0.15 0.0

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 CGEN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 2.50 0.10 99 0.1 0.85 (55.6%)
5% Yield On CGEN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 2.50 0.10 99 0.1 0.85 (55.6%)
10% Yield On CGEN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 2.50 0.10 99 0.1 0.85 (55.6%)

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