NMRD Dividend Type Payments
Although NMRD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Nemaura Medical Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:50 AM ET):
Nemaura Medical Inc. (NMRD) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
0.04 | 0.04 | 0.04 | -0.01 | 163K | - | 0.0B |
NMRD Dividend-Like Income Using Covered Calls
With NMRD at 0.04, 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% | 0.00 | 0.0 |
5% | 0.00 | 0.0 |
10% | 0.00 | 0.0 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | EEM dividend | 1. | SQ dividend | |
2. | QQQ dividend | 7. | KWEB dividend | 2. | DKNG dividend | |
3. | HYG dividend | 8. | TSLA dividend | 3. | FTNT dividend | |
4. | SPY dividend | 9. | SLV dividend | 4. | ARDX dividend | |
5. | FXI dividend | 10. | AMZN dividend | 5. | EXPE dividend |
Want more examples? NMR Dividend | NMRK Dividend