EXAS Dividend Type Payments
Although EXAS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Exact Sciences Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:40 AM ET):
| Exact Sciences Corporation (EXAS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 102.63 | 102.64 | 102.62 | +0.12 | 354K | - | 19B |
EXAS Dividend-Like Income Using Covered Calls
With EXAS at 102.62, 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% | 3.08 | 0.8 |
| 5% | 5.13 | 1.4 |
| 10% | 10.26 | 2.8 |
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:
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | LITE dividend | |
| 2. | NVDA dividend | 7. | EWZ dividend | 2. | SNAP dividend | |
| 3. | KWEB dividend | 8. | INTC dividend | 3. | SMCI dividend | |
| 4. | GLD dividend | 9. | SPY dividend | 4. | CLSK dividend | |
| 5. | IBIT dividend | 10. | CORZ dividend | 5. | CMG dividend | |
Want more examples? EWZS Dividend | EXC Dividend
