NICE Dividend Type Payments
Although NICE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on NICE Ltd - American Depositary Shares each representing one Ordinary Sha 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):
| NICE Ltd - American Depositary Shares each representing one Ordinary Sha (NICE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 107.90 | 109.49 | 109.03 | +0.19 | 646K | 12 | 2.9B |
NICE Dividend-Like Income Using Covered Calls
With NICE at 109.03, here's a table showing how big the annual "dividend" (i.e. 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% | 3.27 | 0.9 |
| 5% | 5.45 | 1.5 |
| 10% | 10.90 | 3.0 |
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 NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 110.00 | 12.00 | 148 | 8.1 | 0.51 (0.5%) | |
| Jan 16 | 110.00 | 3.70 | 29 | 12.8 | 0.51 (0.5%) | |
| 5% Yield On NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 110.00 | 12.00 | 148 | 8.1 | 0.51 (0.5%) | |
| Jan 16 | 110.00 | 3.70 | 29 | 12.8 | 0.51 (0.5%) | |
| 10% Yield On NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 110.00 | 12.00 | 148 | 8.1 | 0.51 (0.5%) | |
| Jan 16 | 110.00 | 3.70 | 29 | 12.8 | 0.51 (0.5%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | OMER dividend | |
| 2. | INTC dividend | 7. | NIO dividend | 2. | RARE dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | SOC dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | DAWN dividend | |
| 5. | SLV dividend | 10. | ASST dividend | 5. | EOSE dividend | |
Want more examples? NI Dividend | NINE Dividend
