ICL Dividend Type Payments

Although ICL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ICL Group 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 Fri 4:16 PM ET):

ICL Group Ltd. Ordinary Shares (ICL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
6.62	7.00	6.74	-0.04	810K	22	8.7B

ICL Dividend-Like Income Using Covered Calls

With ICL at 6.74, 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%	0.20	0.1
5%	0.34	0.1
10%	0.67	0.2

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 ICL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	7.50	0.05	64	0.1	0.50 (7.4%)
Sep 19	7.50	0.20	127	0.2	0.50 (7.4%)

5% Yield On ICL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	7.50	0.20	127	0.2	0.50 (7.4%)
Dec 19	7.50	0.40	218	0.2	0.50 (7.4%)

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

Top 10 Open Interest For Jun 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	HIMS dividend
2.	SPY dividend	7.	GLD dividend	2.	VERA dividend
3.	SLV dividend	8.	FXI dividend	3.	SOUN dividend
4.	QQQ dividend	9.	TSLA dividend	4.	CEP dividend
5.	EEM dividend	10.	XLF dividend	5.	CELC dividend

Want more examples? ICHR Dividend | ICLN Dividend