EVTC Dividend Type Payments

Evertec, Inc dividend

Although EVTC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Evertec, Inc 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):

Evertec, Inc (EVTC)
Bid Ask Last Change Volume P/E Market Cap
27.69 27.69 27.69 -0.02 380K 24 2.0B

EVTC Dividend-Like Income Using Covered Calls

With EVTC at 27.69, 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% 0.83 0.2
5% 1.38 0.4
10% 2.77 0.8

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 EVTC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 30.00 0.60 54 1.1 2.31 (8.3%)
Aug 16 30.00 1.30 145 0.9 2.31 (8.3%)
5% Yield On EVTC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 30.00 0.60 54 1.1 2.31 (8.3%)
Aug 16 30.00 1.30 145 0.9 2.31 (8.3%)
10% Yield On EVTC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 30.00 0.60 54 1.1 2.31 (8.3%)
Aug 16 30.00 1.30 145 0.9 2.31 (8.3%)

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

 
Top 10 Open Interest For Apr 18 Expiration     Top 5 High Yield
1.SPY dividend 6.USO dividend   1.CRON dividend
2.EEM dividend 7.AAPL dividend   2.NBEV dividend
3.SPX dividend 8.BMY dividend   3.BB dividend
4.QQQ dividend 9.IWM dividend   4.SPWR dividend
5.FXI dividend 10.EWZ dividend   5.BCRX dividend

Want more examples? EVRI Dividend | EVX Dividend