INFY Dividend Type Payments

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

Infosys Limited American Depositary Shares (INFY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
17.49	17.58	17.57	-0.11	13.2M	24	75B

INFY Dividend-Like Income Using Covered Calls

With INFY at 17.57, 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%	0.53	0.1
5%	0.88	0.2
10%	1.76	0.5

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 INFY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	18.00	0.45	30	1.5	0.42 (2.4%)
Dec 19	18.00	0.50	93	0.5	0.42 (2.4%)

5% Yield On INFY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	18.00	0.45	30	1.5	0.42 (2.4%)
Dec 19	18.00	0.50	93	0.5	0.42 (2.4%)

10% Yield On INFY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	18.00	0.45	30	1.5	0.42 (2.4%)
Dec 19	18.00	0.50	93	0.5	0.42 (2.4%)

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Top 10 Open Interest For Oct 17 Expiration				Top 5 High Yield
1.	SLV dividend	6.	PCG dividend	1.	QURE dividend
2.	NVDA dividend	7.	FXI dividend	2.	OPEN dividend
3.	GLD dividend	8.	IWM dividend	3.	BEAM dividend
4.	IBIT dividend	9.	SPY dividend	4.	AEVA dividend
5.	EEM dividend	10.	HYG dividend	5.	LDI dividend

Want more examples? INFO Dividend | ING Dividend