ICLR Dividend Type Payments
Although ICLR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ICON plc - 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):
| ICON plc - Ordinary Shares (ICLR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 129.00 | 139.98 | 131.63 | +0.97 | 848K | 14 | 6.9B |
ICLR Dividend-Like Income Using Covered Calls
With ICLR at 131.63, 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% | 3.95 | 1.1 |
| 5% | 6.58 | 1.8 |
| 10% | 13.16 | 3.6 |
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 ICLR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 140.00 | 13.10 | 155 | 8.5 | 0.02 (0.0%) | |
| Jul 18 | 140.00 | 5.30 | 64 | 8.3 | 0.02 (0.0%) | |
| 5% Yield On ICLR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 140.00 | 13.10 | 155 | 8.5 | 0.02 (0.0%) | |
| Jul 18 | 140.00 | 5.30 | 64 | 8.3 | 0.02 (0.0%) | |
| 10% Yield On ICLR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 140.00 | 13.10 | 155 | 8.5 | 0.02 (0.0%) | |
| Jul 18 | 140.00 | 5.30 | 64 | 8.3 | 0.02 (0.0%) | |
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| 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? ICLN Dividend | ICMB Dividend
