NVMI Dividend Type Payments

Nova Measuring Instrument dividend

Although NVMI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Nova Measuring Instrument to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:25 AM ET):

Nova Measuring Instrument (NVMI)
Bid Ask Last Change Volume P/E Market Cap
28.94 29.04 28.96 +0.55 12K - 0.8B

NVMI Dividend-Like Income Using Covered Calls

With NVMI at 28.96, here's a table showing how big the annual "dividend" (ie. 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% 0.87 0.2
5% 1.45 0.4
10% 2.90 0.8

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
May 17 30.00 0.65 24 2.7 0.96 (3.3%)
Jun 21 30.00 0.90 59 1.5 0.96 (3.3%)
5% Yield On NVMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 30.00 0.65 24 2.7 0.96 (3.3%)
Jun 21 30.00 0.90 59 1.5 0.96 (3.3%)
10% Yield On NVMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 30.00 0.65 24 2.7 0.96 (3.3%)
Jun 21 30.00 0.90 59 1.5 0.96 (3.3%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For May 17 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.CLF dividend
2.COTY dividend 7.BAC dividend   2.TSLA dividend
3.EEM dividend 8.EWZ dividend   3.GRUB dividend
4.FXI dividend 9.XOP dividend   4.ITCI dividend
5.SPX dividend 10.XLF dividend   5.FB dividend

Want more examples? NVLN Dividend | NVO Dividend