NNOX Dividend Type Payments
Although NNOX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on NANO-X IMAGING LTD - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| NANO-X IMAGING LTD - Ordinary Shares (NNOX) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 5.27 |
5.28 |
5.32 |
-0.01 |
435K |
- |
0.2B |
NNOX Dividend-Like Income Using Covered Calls
With NNOX at 5.32, 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% |
0.16 |
0.0 |
| 5% |
0.27 |
0.1 |
| 10% |
0.53 |
0.1 |
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 NNOX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 21 |
10.00 |
0.10 |
142 |
0.1 |
4.72 (88.7%) |
| Jan 16 |
10.00 |
0.20 |
198 |
0.1 |
4.72 (88.7%) |
| 5% Yield On NNOX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 21 |
7.50 |
0.30 |
142 |
0.2 |
2.22 (41.7%) |
| Jan 16 |
10.00 |
0.20 |
198 |
0.1 |
4.72 (88.7%) |
| 10% Yield On NNOX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 21 |
7.50 |
0.30 |
142 |
0.2 |
2.22 (41.7%) |
| Jan 16 |
7.50 |
0.45 |
198 |
0.2 |
2.22 (41.7%) |
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