QDEL Dividend Type Payments

Quidel Corp dividend

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

Quidel Corp (QDEL)
Bid Ask Last Change Volume P/E Market Cap
52.65 57.93 57.93 +1.15 144K 36 2.3B

QDEL Dividend-Like Income Using Covered Calls

With QDEL at 57.93, 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% 1.74 0.5
5% 2.90 0.8
10% 5.79 1.6

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 QDEL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 60.00 1.40 30 4.7 2.07 (3.6%)
Sep 20 65.00 0.80 65 1.2 7.07 (12.2%)
5% Yield On QDEL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 60.00 1.40 30 4.7 2.07 (3.6%)
Sep 20 65.00 0.80 65 1.2 7.07 (12.2%)
10% Yield On QDEL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 60.00 1.40 30 4.7 2.07 (3.6%)
Sep 20 60.00 2.20 65 3.4 2.07 (3.6%)

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Top 10 Open Interest For Aug 16 Expiration     Top 5 High Yield
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