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 Fri 4:16 PM ET):

Nova Ltd. - Ordinary Shares (NVMI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
186.54	206.86	196.65	-0.10	125K	34	5.6B

NVMI Dividend-Like Income Using Covered Calls

With NVMI at 196.65, 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%	5.90	1.6
5%	9.83	2.7
10%	19.67	5.4

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:

3% Yield On NVMI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	210.00	17.50	113	15.5	3.14 (1.6%)
May 16	210.00	5.60	22	25.5	3.14 (1.6%)

5% Yield On NVMI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	210.00	17.50	113	15.5	3.14 (1.6%)
May 16	210.00	5.60	22	25.5	3.14 (1.6%)

10% Yield On NVMI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	210.00	17.50	113	15.5	3.14 (1.6%)
May 16	210.00	5.60	22	25.5	3.14 (1.6%)

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Want more examples? NVGS Dividend | NVO Dividend