VEEV Dividend Type Payments

Although VEEV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Veeva Systems Inc. Class A 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):

Veeva Systems Inc. Class A (VEEV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
276.11	295.57	283.73	-9.00	1.6M	60	52B

VEEV Dividend-Like Income Using Covered Calls

With VEEV at 283.73, 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%	8.51	2.3
5%	14.19	3.9
10%	28.37	7.8

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 VEEV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	300.00	10.40	64	16.3	4.43 (1.6%)
Nov 21	300.00	6.20	36	17.2	4.43 (1.6%)

5% Yield On VEEV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	300.00	10.40	64	16.3	4.43 (1.6%)
Nov 21	300.00	6.20	36	17.2	4.43 (1.6%)

10% Yield On VEEV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	300.00	10.40	64	16.3	4.43 (1.6%)
Nov 21	300.00	6.20	36	17.2	4.43 (1.6%)

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Want more examples? VECO Dividend | VEGA Dividend