ICHR Dividend Type Payments
Although ICHR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ichor Holdings - 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 1:25 PM ET):
Ichor Holdings - Ordinary Shares (ICHR) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
37.47 |
37.60 |
37.49 |
-0.05 |
190K |
- |
1.1B |
ICHR Dividend-Like Income Using Covered Calls
With ICHR at 37.49, 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% |
1.12 |
0.3 |
5% |
1.87 |
0.5 |
10% |
3.75 |
1.0 |
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 ICHR Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
37.50 |
2.10 |
24 |
8.3 |
0.00 (0.0%) |
Jun 21 |
37.50 |
2.85 |
59 |
4.7 |
0.00 (0.0%) |
5% Yield On ICHR Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
37.50 |
2.10 |
24 |
8.3 |
0.00 (0.0%) |
Jun 21 |
37.50 |
2.85 |
59 |
4.7 |
0.00 (0.0%) |
10% Yield On ICHR Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
37.50 |
2.10 |
24 |
8.3 |
0.00 (0.0%) |
Jun 21 |
37.50 |
2.85 |
59 |
4.7 |
0.00 (0.0%) |
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