IIVI Dividend Type Payments

II-VI dividend

Although IIVI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on II-VI to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

II-VI (IIVI)
Bid Ask Last Change Volume P/E Market Cap
43.80 47.00 45.25 -0.40 311K 32 2.9B

IIVI Dividend-Like Income Using Covered Calls

With IIVI at 45.25, 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% 1.36 0.4
5% 2.26 0.6
10% 4.53 1.2

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 IIVI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 50.00 0.55 38 1.4 3.00 (6.6%)
Oct 19 55.00 0.30 66 0.5 8.00 (17.7%)
5% Yield On IIVI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 50.00 0.55 38 1.4 3.00 (6.6%)
Oct 19 50.00 1.15 66 1.7 3.00 (6.6%)
10% Yield On IIVI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 50.00 0.55 38 1.4 3.00 (6.6%)
Oct 19 50.00 1.15 66 1.7 3.00 (6.6%)

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