WIX Dividend Type Payments
Although WIX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Wix.com Ltd. - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:30 AM ET):
Wix.com Ltd. - Ordinary Shares (WIX) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
120.54 | 120.90 | 120.76 | -0.93 | 118K | 214 | 6.8B |
WIX Dividend-Like Income Using Covered Calls
With WIX at 120.76, 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% | 3.62 | 1.0 |
5% | 6.04 | 1.7 |
10% | 12.08 | 3.3 |
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 WIX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 125.00 | 4.70 | 23 | 20.4 | 4.10 (3.4%) | |
Jun 21 | 125.00 | 6.90 | 58 | 11.9 | 4.10 (3.4%) |
5% Yield On WIX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 125.00 | 4.70 | 23 | 20.4 | 4.10 (3.4%) | |
Jun 21 | 125.00 | 6.90 | 58 | 11.9 | 4.10 (3.4%) |
10% Yield On WIX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 125.00 | 4.70 | 23 | 20.4 | 4.10 (3.4%) | |
Jun 21 | 125.00 | 6.90 | 58 | 11.9 | 4.10 (3.4%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | QQQ dividend | 6. | EEM dividend | 1. | FSLY dividend | |
2. | HYG dividend | 7. | KWEB dividend | 2. | SNAP dividend | |
3. | IWM dividend | 8. | SLV dividend | 3. | WOLF dividend | |
4. | SPY dividend | 9. | TSLA dividend | 4. | PENN dividend | |
5. | FXI dividend | 10. | NVDA dividend | 5. | UPST dividend |
Want more examples? WIT Dividend | WK Dividend