NVGS Dividend
Although NVGS has a dividend of 0.05 with an ex-dividend date of Aug 28, you can sell covered calls on Navigator Holdings Ltd. Ordinary Shares (Marshall Islands) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:35 AM ET):
| Navigator Holdings Ltd. Ordinary Shares (Marshall Islands) (NVGS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 15.57 | 15.59 | 15.57 | +0.14 | 32K | 12 | 0.9B |
NVGS Dividend-Like Income Using Covered Calls
With NVGS at 15.57, 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% | 0.47 | 0.1 |
| 5% | 0.78 | 0.2 |
| 10% | 1.56 | 0.4 |
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:
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | ATYR dividend | |
| 2. | PCG dividend | 7. | FXI dividend | 2. | CIFR dividend | |
| 3. | IWM dividend | 8. | QQQ dividend | 3. | SBET dividend | |
| 4. | SPY dividend | 9. | IBIT dividend | 4. | TSSI dividend | |
| 5. | EEM dividend | 10. | INTC dividend | 5. | RUN dividend | |
Want more examples? NVDA Dividend | NVMI Dividend
