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 Wed 4:16 PM ET):

Wix.com Ltd. - Ordinary Shares (WIX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
172.00	207.72	189.61	+4.72	1.1M	78	10B

WIX Dividend-Like Income Using Covered Calls

With WIX at 189.61, 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%	5.69	1.6
5%	9.48	2.6
10%	18.96	5.2

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
Aug 15	210.00	7.00	94	7.4	2.28 (1.2%)
Oct 17	210.00	13.40	157	8.5	2.28 (1.2%)

5% Yield On WIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	210.00	7.00	94	7.4	2.28 (1.2%)
Oct 17	210.00	13.40	157	8.5	2.28 (1.2%)

10% Yield On WIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	210.00	7.00	94	7.4	2.28 (1.2%)
Oct 17	210.00	13.40	157	8.5	2.28 (1.2%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	RCAT dividend
2.	SPY dividend	7.	SLV dividend	2.	DOCS dividend
3.	TLT dividend	8.	FXI dividend	3.	CAVA dividend
4.	TSLA dividend	9.	GLD dividend	4.	QUBT dividend
5.	QQQ dividend	10.	INTC dividend	5.	SERV dividend

Want more examples? WIT Dividend | WK Dividend