LOGI Dividend Type Payments

Logitech International S.A. - Registered Shares dividend

Although LOGI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Logitech International S.A. - Registered 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):

Logitech International S.A. - Registered Shares (LOGI)
Bid Ask Last Change Volume P/E Market Cap
97.78 113.85 104.16 -2.38 2.1M 24 16B

LOGI Dividend-Like Income Using Covered Calls

With LOGI at 104.16, 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% 3.12 0.9
5% 5.21 1.4
10% 10.42 2.9

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 LOGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 115.00 3.50 149 2.3 1.15 (1.1%)
Jan 16 115.00 0.50 30 1.7 1.15 (1.1%)
5% Yield On LOGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 115.00 3.50 149 2.3 1.15 (1.1%)
Jan 16 115.00 0.50 30 1.7 1.15 (1.1%)
10% Yield On LOGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 115.00 2.25 65 3.5 1.15 (1.1%)
Mar 20 115.00 3.20 93 3.4 1.15 (1.1%)

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