VPG Dividend Type Payments
Although VPG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vishay Precision Group, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:40 PM ET):
| Vishay Precision Group, Inc. (VPG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 35.15 | 35.47 | 35.31 | -0.38 | 63K | - | 0.5B |
VPG Dividend-Like Income Using Covered Calls
With VPG at 35.31, 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% | 1.06 | 0.3 |
| 5% | 1.77 | 0.5 |
| 10% | 3.53 | 1.0 |
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 VPG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 40.00 | 0.90 | 45 | 2.0 | 4.53 (12.8%) | |
| Mar 20 | 40.00 | 2.25 | 136 | 1.7 | 4.53 (12.8%) | |
| 5% Yield On VPG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 40.00 | 0.90 | 45 | 2.0 | 4.53 (12.8%) | |
| Mar 20 | 40.00 | 2.25 | 136 | 1.7 | 4.53 (12.8%) | |
| 10% Yield On VPG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 40.00 | 0.90 | 45 | 2.0 | 4.53 (12.8%) | |
| Mar 20 | 40.00 | 2.25 | 136 | 1.7 | 4.53 (12.8%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | TTD dividend | |
| 2. | KVUE dividend | 7. | INTC dividend | 2. | SG dividend | |
| 3. | NVDA dividend | 8. | ASST dividend | 3. | ENVX dividend | |
| 4. | SLV dividend | 9. | HYG dividend | 4. | SOUN dividend | |
| 5. | GLD dividend | 10. | SPY dividend | 5. | LCID dividend | |
Want more examples? VPC Dividend | VPL Dividend
