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 Mon 11:45 AM ET):
| NANO-X IMAGING LTD - Ordinary Shares (NNOX) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 9.28 |
9.30 |
9.29 |
-0.06 |
279K |
- |
0.4B |
NNOX Dividend-Like Income Using Covered Calls
With NNOX at 9.29, 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% |
0.28 |
0.1 |
| 5% |
0.46 |
0.1 |
| 10% |
0.93 |
0.3 |
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 15 |
10.00 |
1.50 |
194 |
0.8 |
0.70 (7.5%) |
| Aug 16 |
10.00 |
1.05 |
103 |
1.0 |
0.70 (7.5%) |
| 5% Yield On NNOX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 15 |
10.00 |
1.50 |
194 |
0.8 |
0.70 (7.5%) |
| Aug 16 |
10.00 |
1.05 |
103 |
1.0 |
0.70 (7.5%) |
| 10% Yield On NNOX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 15 |
10.00 |
1.50 |
194 |
0.8 |
0.70 (7.5%) |
| Aug 16 |
10.00 |
1.05 |
103 |
1.0 |
0.70 (7.5%) |
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