ROP Dividend Type Payments

Roper Technologies, Inc. dividend

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

Roper Technologies, Inc. (ROP)
Bid Ask Last Change Volume P/E Market Cap
514.28 562.50 542.11 -8.29 468K 40 59B

ROP Dividend-Like Income Using Covered Calls

With ROP at 542.11, 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% 16.26 4.5
5% 27.11 7.4
10% 54.21 14.9

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 ROP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 560.00 5.30 50 5.6 0.00 (0.0%)
Dec 19 560.00 16.60 141 10.0 0.00 (0.0%)
5% Yield On ROP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 560.00 16.60 141 10.0 0.00 (0.0%)
Nov 21 560.00 14.30 113 10.4 0.00 (0.0%)

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