RVNC Dividend Type Payments

Revance Therapeutics, Inc dividend

Although RVNC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Revance Therapeutics, Inc 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):

Revance Therapeutics, Inc (RVNC)
Bid Ask Last Change Volume P/E Market Cap
15.15 16.46 15.40 -0.07 327K - 0.7B

RVNC Dividend-Like Income Using Covered Calls

With RVNC at 15.40, 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% 0.46 0.1
5% 0.77 0.2
10% 1.54 0.4

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 RVNC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 17.50 0.05 25 0.2 1.04 (6.8%)
May 17 17.50 0.30 54 0.6 1.04 (6.8%)
5% Yield On RVNC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 17.50 0.30 54 0.6 1.04 (6.8%)
Jul 19 20.00 0.40 117 0.3 3.54 (23.0%)
10% Yield On RVNC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 17.50 0.30 54 0.6 1.04 (6.8%)
Jul 19 17.50 1.05 117 0.9 1.04 (6.8%)

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