XRAY Dividend

DENTSPLY SIRONA INC dividend

Although XRAY has a dividend of 0.09 with an ex-dividend date of Sep 27, you can sell covered calls on DENTSPLY SIRONA INC to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

DENTSPLY SIRONA INC (XRAY)
Bid Ask Last Change Volume P/E Market Cap
37.88 39.46 38.67 +0.59 1.8M - 8.5B

XRAY Dividend-Like Income Using Covered Calls

With XRAY at 38.67, 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% 1.16 0.3
5% 1.93 0.5
10% 3.87 1.1

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 XRAY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 42.00 0.20 36 0.6 2.54 (6.6%)
Oct 19 43.00 0.30 64 0.5 3.54 (9.2%)
5% Yield On XRAY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 42.00 0.20 36 0.6 2.54 (6.6%)
Oct 19 42.00 0.45 64 0.7 2.54 (6.6%)
10% Yield On XRAY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 40.00 0.60 36 1.7 0.54 (1.4%)
Oct 19 41.00 0.70 64 1.1 1.54 (4.0%)

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

 
Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
1.EEM dividend 6.GE dividend   1.COTY dividend
2.SPY dividend 7.GLD dividend   2.LB dividend
3.SPX dividend 8.FB dividend   3.AKRX dividend
4.QQQ dividend 9.IWM dividend   4.UVXY dividend
5.XLF dividend 10.GDX dividend   5.GPS dividend

Want more examples? XPP Dividend | XRF Dividend