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 2:05 PM ET):

Novo Nordisk A/S (NVO)
Bid Ask Last Change Volume P/E Market Cap
51.01 51.03 51.02 +2.26 18.6M 12 337B

NVO Dividend-Like Income Using Covered Calls

With NVO at 51.02, 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% 1.53 0.4
5% 2.55 0.7
10% 5.10 1.4

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 NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 5 51.00 2.12 29 7.2 0.00 (0.0%)
Sep 12 51.00 2.37 36 6.5 0.00 (0.0%)
5% Yield On NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 5 51.00 2.12 29 7.2 0.00 (0.0%)
Sep 12 51.00 2.37 36 6.5 0.00 (0.0%)
10% Yield On NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 5 51.00 2.12 29 7.2 0.00 (0.0%)
Sep 12 51.00 2.37 36 6.5 0.00 (0.0%)

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