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 Tue 10:35 AM ET):
| Check Point Software Technologies Ltd. - Ordinary Shares (CHKP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 219.85 | 220.19 | 220.13 | -0.03 | 96K | 30 | 30B |
CHKP Dividend-Like Income Using Covered Calls
With CHKP at 220.13, 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% | 6.60 | 1.8 |
| 5% | 11.01 | 3.0 |
| 10% | 22.01 | 6.0 |
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 CHKP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 220.00 | 4.00 | 11 | 34.6 | 0.00 (0.0%) | |
| Oct 17 | 220.00 | 17.30 | 165 | 10.4 | 0.00 (0.0%) | |
| 5% Yield On CHKP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 220.00 | 4.00 | 11 | 34.6 | 0.00 (0.0%) | |
| Oct 17 | 220.00 | 17.30 | 165 | 10.4 | 0.00 (0.0%) | |
| 10% Yield On CHKP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 220.00 | 4.00 | 11 | 34.6 | 0.00 (0.0%) | |
| Oct 17 | 220.00 | 17.30 | 165 | 10.4 | 0.00 (0.0%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | APP dividend | |
| 2. | SPY dividend | 7. | FXI dividend | 2. | UPST dividend | |
| 3. | TLT dividend | 8. | TSLA dividend | 3. | EOSE dividend | |
| 4. | SLV dividend | 9. | GLD dividend | 4. | TEM dividend | |
| 5. | QQQ dividend | 10. | INTC dividend | 5. | FSLY dividend | |
Want more examples? CHIQ Dividend | CHRS Dividend
