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 Wed 4:16 PM ET):
Check Point Software Technologies Ltd. - Ordinary Shares (CHKP) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
152.48 | 164.80 | 158.09 | +1.29 | 637K | 22 | 22B |
CHKP Dividend-Like Income Using Covered Calls
With CHKP at 158.09, 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% | 4.74 | 1.3 |
5% | 7.90 | 2.2 |
10% | 15.81 | 4.3 |
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 CHKP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 165.00 | 2.70 | 31 | 8.7 | 0.20 (0.1%) | |
Jul 19 | 165.00 | 5.30 | 94 | 5.6 | 0.20 (0.1%) |
5% Yield On CHKP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 165.00 | 2.70 | 31 | 8.7 | 0.20 (0.1%) | |
Jul 19 | 165.00 | 5.30 | 94 | 5.6 | 0.20 (0.1%) |
10% Yield On CHKP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 165.00 | 2.70 | 31 | 8.7 | 0.20 (0.1%) | |
Jul 19 | 165.00 | 5.30 | 94 | 5.6 | 0.20 (0.1%) |
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Top 10 Open Interest For Apr 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | SPY dividend | 6. | TLT dividend | 1. | INFY dividend | |
2. | IWM dividend | 7. | FXI dividend | 2. | DJT dividend | |
3. | QQQ dividend | 8. | AAPL dividend | 3. | CVNA dividend | |
4. | TSLA dividend | 9. | HYG dividend | 4. | FSLY dividend | |
5. | SLV dividend | 10. | NVDA dividend | 5. | EYPT dividend |
Want more examples? CHK Dividend | CHRS Dividend