PODD Dividend Type Payments

Insulet Corporation dividend

Although PODD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Insulet Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Insulet Corporation (PODD)
Bid Ask Last Change Volume P/E Market Cap
278.56 282.74 278.55 -10.49 602K 84 20B

PODD Dividend-Like Income Using Covered Calls

With PODD at 278.55, 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% 8.36 2.3
5% 13.93 3.8
10% 27.86 7.6

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 PODD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 290.00 21.50 124 17.3 7.26 (2.6%)
Jan 16 290.00 1.30 5 26.0 7.26 (2.6%)
5% Yield On PODD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 290.00 21.50 124 17.3 7.26 (2.6%)
Jan 16 290.00 1.30 5 26.0 7.26 (2.6%)
10% Yield On PODD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 290.00 21.50 124 17.3 7.26 (2.6%)
Jan 16 290.00 1.30 5 26.0 7.26 (2.6%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Jan 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.AAPL dividend   1.TMQ dividend
2.IBIT dividend 7.SPY dividend   2.TVTX dividend
3.INTC dividend 8.NFLX dividend   3.OKLO dividend
4.TLT dividend 9.GLD dividend   4.ENVX dividend
5.SLV dividend 10.QQQ dividend   5.HTZ dividend

Want more examples? PNW Dividend | POOL Dividend