IDXX Dividend Type Payments

IDEX LABORATORIES dividend

Although IDXX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on IDEX LABORATORIES to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:10 PM ET):

IDEX LABORATORIES (IDXX)
Bid Ask Last Change Volume P/E Market Cap
243.30 243.59 243.43 +0.95 189K 69 21B

IDXX Dividend-Like Income Using Covered Calls

With IDXX at 243.43, 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% 7.30 2.0
5% 12.17 3.3
10% 24.34 6.7

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 IDXX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 260.00 1.75 32 5.5 16.41 (6.7%)
Oct 19 270.00 1.65 60 2.8 26.41 (10.8%)
5% Yield On IDXX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 260.00 1.75 32 5.5 16.41 (6.7%)
Oct 19 260.00 2.55 60 4.3 16.41 (6.7%)
10% Yield On IDXX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 250.00 2.85 32 8.9 6.41 (2.6%)
Oct 19 250.00 6.80 60 11.3 6.41 (2.6%)

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Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
1.SPY dividend 6.GE dividend   1.MOMO dividend
2.EEM dividend 7.GLD dividend   2.LB dividend
3.SPX dividend 8.FB dividend   3.GPS dividend
4.QQQ dividend 9.IWM dividend   4.GERN dividend
5.XLF dividend 10.GDX dividend   5.AKRX dividend

Want more examples? IDX Dividend | IEB Dividend