NVMI Dividend Type Payments

Nova Ltd. - Ordinary Shares dividend

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
450.11 684.06 460.91 -0.46 342K 60 13B

NVMI Dividend-Like Income Using Covered Calls

With NVMI at 460.91, 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% 13.83 3.8
5% 23.05 6.3
10% 46.09 12.6

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 15 700.00 5.50 113 4.9 15.94 (3.5%)
Jul 17 700.00 13.00 176 7.4 15.94 (3.5%)
5% Yield On NVMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 17 700.00 13.00 176 7.4 15.94 (3.5%)
Dec 18 700.00 35.00 330 10.6 15.94 (3.5%)

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