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 Wed 4:16 PM ET):

Nova Ltd. - Ordinary Shares (NVMI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
290.00	320.00	296.42	-5.76	600K	41	8.7B

NVMI Dividend-Like Income Using Covered Calls

With NVMI at 296.42, 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%	8.89	2.4
5%	14.82	4.1
10%	29.64	8.1

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 NVMI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	320.00	4.90	31	15.8	0.00 (0.0%)
Nov 21	320.00	12.50	66	18.9	0.00 (0.0%)

5% Yield On NVMI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	320.00	4.90	31	15.8	0.00 (0.0%)
Nov 21	320.00	12.50	66	18.9	0.00 (0.0%)

10% Yield On NVMI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	320.00	4.90	31	15.8	0.00 (0.0%)
Nov 21	320.00	12.50	66	18.9	0.00 (0.0%)

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Want more examples? NVGS Dividend | NVO Dividend