EPAY Dividend Type Payments

BOTTOMLINE TECHNOLOGIES dividend

Although EPAY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on BOTTOMLINE TECHNOLOGIES to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:50 AM ET):

BOTTOMLINE TECHNOLOGIES (EPAY)
Bid Ask Last Change Volume P/E Market Cap
65.87 65.99 65.87 +0.88 61K 271 2.8B

EPAY Dividend-Like Income Using Covered Calls

With EPAY at 65.87, here's a table showing how big the annual "dividend" (ie. 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% 1.98 0.5
5% 3.29 0.9
10% 6.59 1.8

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 EPAY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 75.00 0.60 32 1.9 9.01 (13.7%)
Dec 21 80.00 0.40 67 0.6 14.01 (21.3%)
5% Yield On EPAY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 75.00 0.60 32 1.9 9.01 (13.7%)
Dec 21 75.00 1.05 67 1.6 9.01 (13.7%)
10% Yield On EPAY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 75.00 0.60 32 1.9 9.01 (13.7%)
Dec 21 70.00 2.40 67 3.6 4.01 (6.1%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
1.SPY dividend 6.BAC dividend   1.NBEV dividend
2.SPX dividend 7.MU dividend   2.CRON dividend
3.EEM dividend 8.FXI dividend   3.UVXY dividend
4.QQQ dividend 9.AMD dividend   4.NFLX dividend
5.PBR dividend 10.XLF dividend   5.TLRY dividend

Want more examples? EPAM Dividend | EPC Dividend