ILMN Dividend Type Payments

Illumina, Inc dividend

Although ILMN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Illumina, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:35 AM ET):

Illumina, Inc (ILMN)
Bid Ask Last Change Volume P/E Market Cap
317.77 318.69 318.38 +4.80 118K - 0.0B

ILMN Dividend-Like Income Using Covered Calls

With ILMN at 318.38, 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% 9.55 2.6
5% 15.92 4.4
10% 31.84 8.7

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 ILMN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 337.50 0.20 3 6.7 18.81 (5.9%)
Dec 28 347.50 0.35 10 3.5 28.81 (9.0%)
5% Yield On ILMN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 337.50 0.20 3 6.7 18.81 (5.9%)
Dec 28 345.00 0.50 10 5.0 26.31 (8.3%)
10% Yield On ILMN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 335.00 0.35 3 11.7 16.31 (5.1%)
Dec 28 340.00 1.05 10 10.5 21.31 (6.7%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.SPY dividend 6.FXI dividend   1. dividend
2.EEM dividend 7.EWZ dividend   2. dividend
3.SPX dividend 8.BAC dividend   3. dividend
4.QQQ dividend 9.GE dividend   4. dividend
5.IWM dividend 10.HYG dividend   5. dividend

Want more examples? ILF Dividend | ILPT Dividend