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 Tue 3:50 PM ET):

Noodles & Co CL A (NDLS)
Bid Ask Last Change Volume P/E Market Cap
7.34 7.35 7.34 -0.08 530K - 0.0B

NDLS Dividend-Like Income Using Covered Calls

With NDLS at 7.34, 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% 0.22 0.1
5% 0.37 0.1
10% 0.73 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
Dec 21 7.50 0.20 11 1.8 0.15 (2.0%)
Jan 18 7.50 0.40 39 1.0 0.15 (2.0%)
5% Yield On NDLS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 7.50 0.20 11 1.8 0.15 (2.0%)
Jan 18 7.50 0.40 39 1.0 0.15 (2.0%)
10% Yield On NDLS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 7.50 0.20 11 1.8 0.15 (2.0%)
Jan 18 7.50 0.40 39 1.0 0.15 (2.0%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.MRC dividend 6.ULTA dividend   1. dividend
2.EDIT dividend 7.MTRN dividend   2. dividend
3.UEPS dividend 8.EGOV dividend   3. dividend
4.MSFT dividend 9.UNT dividend   4. dividend
5.EFC dividend 10.MVIS dividend   5. dividend

Want more examples? NDAQ Dividend | NDSN Dividend