NDLS Dividend Type Payments
Although NDLS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Noodles & Co CL A 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):
Noodles & Co CL A (NDLS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
7.45 | 8.77 | 7.51 | -0.05 | 207K | - | 0.3B |
NDLS Dividend-Like Income Using Covered Calls
With NDLS at 7.51, 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% | 0.23 | 0.1 |
5% | 0.38 | 0.1 |
10% | 0.75 | 0.2 |
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 NDLS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 10.00 | 0.15 | 92 | 0.2 | 1.23 (16.4%) | |
Aug 16 | 10.00 | 0.35 | 183 | 0.2 | 1.23 (16.4%) |
5% Yield On NDLS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 10.00 | 0.15 | 92 | 0.2 | 1.23 (16.4%) | |
Aug 16 | 10.00 | 0.35 | 183 | 0.2 | 1.23 (16.4%) |
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Top 10 Open Interest For Mar 15 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | SPX dividend | 6. | EWZ dividend | 1. | ICPT dividend | |
2. | EEM dividend | 7. | GE dividend | 2. | ROKU dividend | |
3. | SPY dividend | 8. | XOP dividend | 3. | KPTI dividend | |
4. | FXI dividend | 9. | BAC dividend | 4. | BHC dividend | |
5. | QQQ dividend | 10. | JD dividend | 5. | VKTX dividend |
Want more examples? NDAQ Dividend | NDSN Dividend