LOGI Dividend Type Payments

Logitech Intl SA dividend

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

Logitech Intl SA (LOGI)
Bid Ask Last Change Volume P/E Market Cap
29.31 36.00 32.71 -0.72 171K - 0.0B

LOGI Dividend-Like Income Using Covered Calls

With LOGI at 32.71, 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% 0.98 0.3
5% 1.64 0.4
10% 3.27 0.9

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
Dec 21 36.00 0.05 15 0.3 0.00 (0.0%)
Jan 18 37.00 0.15 43 0.3 1.00 (3.1%)
5% Yield On LOGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 36.00 0.35 43 0.8 0.00 (0.0%)
Mar 15 39.00 0.50 99 0.5 3.00 (9.2%)
10% Yield On LOGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 36.00 1.10 99 1.1 0.00 (0.0%)
Jun 21 36.00 2.00 197 1.0 0.00 (0.0%)

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

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