NVO Dividend Type Payments

Novo Nordisk A/S dividend

Although NVO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Novo Nordisk A/S to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 2:50 PM ET):

Novo Nordisk A/S (NVO)
Bid Ask Last Change Volume P/E Market Cap
55.47 55.48 55.48 -0.56 13.9M 14 387B

NVO Dividend-Like Income Using Covered Calls

With NVO at 55.48, 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% 1.66 0.5
5% 2.77 0.8
10% 5.55 1.5

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 NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 3 56.00 1.21 8 15.1 0.52 (0.9%)
Oct 10 56.00 1.84 15 12.3 0.52 (0.9%)
5% Yield On NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 3 56.00 1.21 8 15.1 0.52 (0.9%)
Oct 10 56.00 1.84 15 12.3 0.52 (0.9%)
10% Yield On NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 3 56.00 1.21 8 15.1 0.52 (0.9%)
Oct 10 56.00 1.84 15 12.3 0.52 (0.9%)

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