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 Mon 4:16 PM ET):
| Check Point Software Technologies Ltd. - Ordinary Shares (CHKP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 183.66 | 191.70 | 187.29 | -4.83 | 678K | 21 | 26B |
CHKP Dividend-Like Income Using Covered Calls
With CHKP at 187.29, 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% | 5.62 | 1.5 |
| 5% | 9.36 | 2.6 |
| 10% | 18.73 | 5.1 |
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 | |
| Dec 19 | 195.00 | 0.25 | 5 | 5.0 | 3.30 (1.8%) | |
| Jan 16 | 195.00 | 2.50 | 33 | 7.6 | 3.30 (1.8%) | |
| 5% Yield On CHKP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 195.00 | 0.25 | 5 | 5.0 | 3.30 (1.8%) | |
| Jan 16 | 195.00 | 2.50 | 33 | 7.6 | 3.30 (1.8%) | |
| 10% Yield On CHKP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 195.00 | 2.50 | 33 | 7.6 | 3.30 (1.8%) | |
| Oct 16 | 195.00 | 17.00 | 306 | 5.6 | 3.30 (1.8%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | NKTR dividend | |
| 2. | SPY dividend | 7. | TLT dividend | 2. | TE dividend | |
| 3. | IBIT dividend | 8. | TSLA dividend | 3. | HUT dividend | |
| 4. | IWM dividend | 9. | SLV dividend | 4. | TLRY dividend | |
| 5. | QQQ dividend | 10. | NFLX dividend | 5. | BHVN dividend | |
Want more examples? CHIQ Dividend | CHRS Dividend
