VEEV Dividend Type Payments

Veeva Systems, Inc dividend

Although VEEV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Veeva Systems, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:25 AM ET):

Veeva Systems, Inc (VEEV)
Bid Ask Last Change Volume P/E Market Cap
122.90 123.10 122.94 +0.49 145K 100 18B

VEEV Dividend-Like Income Using Covered Calls

With VEEV at 122.94, 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% 3.69 1.0
5% 6.15 1.7
10% 12.29 3.4

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 VEEV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 135.00 0.50 31 1.6 11.90 (9.7%)
May 17 140.00 0.65 60 1.1 16.90 (13.7%)
5% Yield On VEEV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 130.00 1.40 31 4.5 6.90 (5.6%)
May 17 135.00 1.45 60 2.4 11.90 (9.7%)
10% Yield On VEEV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 130.00 1.40 31 4.5 6.90 (5.6%)
May 17 130.00 2.85 60 4.8 6.90 (5.6%)

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