OSIS Dividend Type Payments
Although OSIS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on OSI SYSTEMS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| OSI SYSTEMS (OSIS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 60.00 | 95.00 | 78.67 | +0.93 | 293K | - | 1.4B |
OSIS Dividend-Like Income Using Covered Calls
With OSIS at 78.67, here's a table showing how big the annual "dividend" (ie. 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% | 2.36 | 0.6 |
| 5% | 3.93 | 1.1 |
| 10% | 7.87 | 2.2 |
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 OSIS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 18 | 95.00 | 1.30 | 151 | 0.9 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Sep 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | GE dividend | 1. | MOMO dividend | |
| 2. | EEM dividend | 7. | GLD dividend | 2. | AKRX dividend | |
| 3. | SPX dividend | 8. | FB dividend | 3. | UVXY dividend | |
| 4. | QQQ dividend | 9. | IWM dividend | 4. | BABA dividend | |
| 5. | XLF dividend | 10. | GDX dividend | 5. | GERN dividend | |
Want more examples? OSG Dividend | OSK Dividend
