NDLS Dividend Type Payments

NOODLES & CO CL A dividend

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
11.15 11.30 11.25 +0.45 718K - 0.5B

NDLS Dividend-Like Income Using Covered Calls

With NDLS at 11.25, 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% 0.34 0.1
5% 0.56 0.2
10% 1.13 0.3

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
Sep 21 12.50 0.15 36 0.4 1.20 (10.7%)
Nov 16 15.00 0.20 92 0.2 3.70 (32.9%)
5% Yield On NDLS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 12.50 0.15 36 0.4 1.20 (10.7%)
Nov 16 15.00 0.20 92 0.2 3.70 (32.9%)
10% Yield On NDLS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 12.50 0.15 36 0.4 1.20 (10.7%)
Nov 16 12.50 0.55 92 0.6 1.20 (10.7%)

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