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 Wed 11:05 AM ET):

Novo Nordisk A/S (NVO)
Bid Ask Last Change Volume P/E Market Cap
66.20 66.21 66.20 +1.04 4.7M 20 450B

NVO Dividend-Like Income Using Covered Calls

With NVO at 66.20, 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% 1.99 0.5
5% 3.31 0.9
10% 6.62 1.8

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 NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 2 66.00 1.18 3 32.3 0.00 (0.0%)
Jun 6 66.00 3.05 38 7.5 0.00 (0.0%)
5% Yield On NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 2 66.00 1.18 3 32.3 0.00 (0.0%)
Jun 6 66.00 3.05 38 7.5 0.00 (0.0%)
10% Yield On NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 2 66.00 1.18 3 32.3 0.00 (0.0%)
Jun 6 66.00 3.05 38 7.5 0.00 (0.0%)

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