JAZZ Dividend Type Payments

Jazz Pharmaceuticals plc - Ordinary Shares dividend

Although JAZZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Jazz Pharmaceuticals 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 Tue 11:15 AM ET):

Jazz Pharmaceuticals plc - Ordinary Shares (JAZZ)
Bid Ask Last Change Volume P/E Market Cap
102.45 102.72 102.58 -0.99 193K 14 6.4B

JAZZ Dividend-Like Income Using Covered Calls

With JAZZ at 102.58, 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% 3.08 0.8
5% 5.13 1.4
10% 10.26 2.8

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 JAZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 105.00 0.10 4 2.5 2.28 (2.2%)
Oct 17 105.00 11.10 158 7.0 2.28 (2.2%)
5% Yield On JAZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 105.00 0.10 4 2.5 2.28 (2.2%)
Oct 17 105.00 11.10 158 7.0 2.28 (2.2%)
10% Yield On JAZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 105.00 11.10 158 7.0 2.28 (2.2%)
Sep 19 105.00 9.10 130 7.0 2.28 (2.2%)

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