QGEN Dividend
Although QGEN has a dividend of 0.25 with an ex-dividend date of Jul 2, you can sell covered calls on Qiagen N.V. Common Shares 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):
Qiagen N.V. Common Shares (QGEN) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
38.42 | 50.00 | 48.04 | +0.59 | 1.2M | 116 | 11B |
QGEN Dividend-Like Income Using Covered Calls
With QGEN at 48.04, 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% | 1.44 | 0.4 |
5% | 2.40 | 0.7 |
10% | 4.80 | 1.3 |
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 QGEN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 50.00 | 0.60 | 114 | 0.5 | 0.00 (0.0%) | |
Jul 18 | 50.00 | 0.25 | 23 | 1.1 | 0.00 (0.0%) |
5% Yield On QGEN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 18 | 50.00 | 0.25 | 23 | 1.1 | 0.00 (0.0%) | |
Nov 21 | 50.00 | 2.60 | 149 | 1.7 | 0.00 (0.0%) |
10% Yield On QGEN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 21 | 50.00 | 2.60 | 149 | 1.7 | 0.00 (0.0%) |
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Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | TSLA dividend | 1. | COGT dividend | |
2. | SLV dividend | 7. | IWM dividend | 2. | CAPR dividend | |
3. | SPY dividend | 8. | AAPL dividend | 3. | TDOC dividend | |
4. | GLD dividend | 9. | FXI dividend | 4. | CRWV dividend | |
5. | TLT dividend | 10. | CLSK dividend | 5. | TEM dividend |
Want more examples? QEMM Dividend | QGRO Dividend