URGN Dividend Type Payments
Although URGN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on UroGen Pharma Ltd. - Ordinary Shares 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):
UroGen Pharma Ltd. - Ordinary Shares (URGN) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
13.30 |
16.49 |
14.30 |
+0.04 |
159K |
- |
0.5B |
URGN Dividend-Like Income Using Covered Calls
With URGN at 14.30, 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% |
0.43 |
0.1 |
5% |
0.72 |
0.2 |
10% |
1.43 |
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 URGN Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
17.50 |
2.20 |
197 |
1.1 |
1.01 (7.1%) |
Aug 16 |
17.50 |
1.30 |
106 |
1.2 |
1.01 (7.1%) |
5% Yield On URGN Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
17.50 |
2.20 |
197 |
1.1 |
1.01 (7.1%) |
Aug 16 |
17.50 |
1.30 |
106 |
1.2 |
1.01 (7.1%) |
10% Yield On URGN Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
17.50 |
2.20 |
197 |
1.1 |
1.01 (7.1%) |
Aug 16 |
17.50 |
1.30 |
106 |
1.2 |
1.01 (7.1%) |
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