VAL Dividend Type Payments

Valaris Limited Common Shares dividend

Although VAL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Valaris Limited Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:15 AM ET):

Valaris Limited Common Shares (VAL)
Bid Ask Last Change Volume P/E Market Cap
41.18 41.29 41.23 -0.56 150K 10 3.0B

VAL Dividend-Like Income Using Covered Calls

With VAL at 41.23, 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% 1.24 0.3
5% 2.06 0.6
10% 4.12 1.1

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 VAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 42.50 2.75 52 5.3 1.21 (2.9%)
Jul 18 42.50 1.50 24 6.3 1.21 (2.9%)
5% Yield On VAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 42.50 2.75 52 5.3 1.21 (2.9%)
Jul 18 42.50 1.50 24 6.3 1.21 (2.9%)
10% Yield On VAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 42.50 2.75 52 5.3 1.21 (2.9%)
Jul 18 42.50 1.50 24 6.3 1.21 (2.9%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
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.ALT dividend
3.SPY dividend 8.AAPL dividend   3.CELC dividend
4.GLD dividend 9.FXI dividend   4.APLD dividend
5.TLT dividend 10.QQQ dividend   5.WULF dividend

Want more examples? VAC Dividend | VALE Dividend