NVMI Dividend Type Payments

Although NVMI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Nova 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 4:16 PM ET):

Nova Ltd. - Ordinary Shares (NVMI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
282.48	313.22	298.05	+17.63	416K	37	8.0B

NVMI Dividend-Like Income Using Covered Calls

With NVMI at 298.05, 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%	8.94	2.4
5%	14.90	4.1
10%	29.81	8.2

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 NVMI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	320.00	6.00	26	23.1	6.78 (2.3%)
May 15	320.00	35.70	173	20.6	6.78 (2.3%)

5% Yield On NVMI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	320.00	6.00	26	23.1	6.78 (2.3%)
May 15	320.00	35.70	173	20.6	6.78 (2.3%)

10% Yield On NVMI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	320.00	6.00	26	23.1	6.78 (2.3%)
May 15	320.00	35.70	173	20.6	6.78 (2.3%)

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Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
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Want more examples? NVGS Dividend | NVO Dividend