LIVN Dividend Type Payments

Although LIVN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on LivaNova 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 4:16 PM ET):

LivaNova PLC - Ordinary Shares (LIVN)
Bid Ask Last Change Volume P/E Market Cap
44.54 65.00 55.02 +1.01 634K 169 2.9B

LIVN Dividend-Like Income Using Covered Calls

With LIVN at 55.02, 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% 1.65 0.5
5% 2.75 0.8
10% 5.50 1.5

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 LIVN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 65.00 0.35 60 0.6 0.00 (0.0%)
Jul 19 65.00 0.50 88 0.6 0.00 (0.0%)
5% Yield On LIVN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 18 65.00 1.55 179 0.9 0.00 (0.0%)
Jan 17 65.00 3.10 270 1.1 0.00 (0.0%)

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