LOGI Dividend Type Payments

LOGITECH INTL dividend

Although LOGI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on LOGITECH INTL to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:00 PM ET):

LOGITECH INTL (LOGI)
Bid Ask Last Change Volume P/E Market Cap
40.58 40.64 40.61 +0.17 100K 32 6.6B

LOGI Dividend-Like Income Using Covered Calls

With LOGI at 40.61, 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% 1.22 0.3
5% 2.03 0.6
10% 4.06 1.1

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
Oct 19 41.00 0.15 3 5.0 0.36 (0.9%)
Nov 16 47.00 0.15 31 0.5 6.36 (15.7%)
5% Yield On LOGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 41.00 0.15 3 5.0 0.36 (0.9%)
Nov 16 46.00 0.20 31 0.6 5.36 (13.2%)
10% Yield On LOGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 41.00 0.15 3 5.0 0.36 (0.9%)
Nov 16 45.00 0.40 31 1.3 4.36 (10.7%)

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