VRNT Dividend Type Payments
Although VRNT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Verint Systems Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:55 AM ET):
| Verint Systems Inc. (VRNT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 20.32 | 20.33 | 20.32 | +0.01 | 295K | 28 | 1.2B |
VRNT Dividend-Like Income Using Covered Calls
With VRNT at 20.32, 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% | 0.61 | 0.2 |
| 5% | 1.02 | 0.3 |
| 10% | 2.03 | 0.6 |
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:
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IBIT dividend | 1. | QURE dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | AEVA dividend | |
| 3. | PCG dividend | 8. | EEM dividend | 3. | OPEN dividend | |
| 4. | TSLA dividend | 9. | SLV dividend | 4. | GRAL dividend | |
| 5. | QQQ dividend | 10. | FXI dividend | 5. | OMI dividend | |
Want more examples? VRNS Dividend | VRP Dividend
