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 |
| 132.30 | 140.55 | 136.66 | +1.15 | 279K | 16 | 3.6B |
NICE Dividend-Like Income Using Covered Calls
With NICE at 136.66, 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% | 4.10 | 1.1 |
| 5% | 6.83 | 1.9 |
| 10% | 13.67 | 3.7 |
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 | |
| Dec 19 | 140.00 | 6.80 | 50 | 12.5 | 0.00 (0.0%) | |
| Nov 21 | 140.00 | 6.10 | 22 | 25.2 | 0.00 (0.0%) | |
| 5% Yield On NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 140.00 | 6.80 | 50 | 12.5 | 0.00 (0.0%) | |
| Nov 21 | 140.00 | 6.10 | 22 | 25.2 | 0.00 (0.0%) | |
| 10% Yield On NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 140.00 | 6.80 | 50 | 12.5 | 0.00 (0.0%) | |
| Nov 21 | 140.00 | 6.10 | 22 | 25.2 | 0.00 (0.0%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | INTC dividend | 1. | GHRS dividend | |
| 2. | KVUE dividend | 7. | TLT dividend | 2. | IREN dividend | |
| 3. | NVDA dividend | 8. | ASST dividend | 3. | SRPT dividend | |
| 4. | SLV dividend | 9. | EEM dividend | 4. | UPST dividend | |
| 5. | GLD dividend | 10. | HYG dividend | 5. | HUT dividend | |
Want more examples? NI Dividend | NINE Dividend
