VECO Dividend Type Payments

Veeco Instruments Inc. dividend

Although VECO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Veeco Instruments 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):

Veeco Instruments Inc. (VECO)
Bid Ask Last Change Volume P/E Market Cap
28.84 30.17 29.53 +0.35 615K 29 1.8B

VECO Dividend-Like Income Using Covered Calls

With VECO at 29.53, 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% 0.89 0.2
5% 1.48 0.4
10% 2.95 0.8

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 VECO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 31.00 0.25 61 0.4 0.83 (2.8%)
Nov 21 36.00 0.10 33 0.3 5.83 (19.7%)
5% Yield On VECO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 31.00 0.25 61 0.4 0.83 (2.8%)
Jan 16 31.00 0.60 89 0.7 0.83 (2.8%)
10% Yield On VECO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 31.00 1.50 180 0.8 0.83 (2.8%)

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