CHKP Dividend Type Payments
Although CHKP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Check Point Software Technologies 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):
| Check Point Software Technologies Ltd. - Ordinary Shares (CHKP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 215.12 | 224.09 | 216.45 | -2.43 | 515K | 29 | 30B |
CHKP Dividend-Like Income Using Covered Calls
With CHKP at 216.45, 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% | 6.49 | 1.8 |
| 5% | 10.82 | 3.0 |
| 10% | 21.65 | 5.9 |
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 CHKP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 230.00 | 4.10 | 50 | 8.2 | 5.91 (2.7%) | |
| Oct 17 | 230.00 | 6.60 | 113 | 5.8 | 5.91 (2.7%) | |
| 5% Yield On CHKP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 230.00 | 4.10 | 50 | 8.2 | 5.91 (2.7%) | |
| Oct 17 | 230.00 | 6.60 | 113 | 5.8 | 5.91 (2.7%) | |
| 10% Yield On CHKP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 230.00 | 4.10 | 50 | 8.2 | 5.91 (2.7%) | |
| Dec 19 | 230.00 | 11.90 | 176 | 6.8 | 5.91 (2.7%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | TSLA dividend | 2. | ENPH dividend | |
| 3. | SPY dividend | 8. | AAPL dividend | 3. | SERV dividend | |
| 4. | GLD dividend | 9. | FXI dividend | 4. | CRWV dividend | |
| 5. | TLT dividend | 10. | CLSK dividend | 5. | RCAT dividend | |
Want more examples? CHIQ Dividend | CHRS Dividend
