ZBRA Dividend Type Payments
Although ZBRA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Zebra Technologies Corporation - Class A 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):
Zebra Technologies Corporation - Class A (ZBRA) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
316.50 | 325.00 | 319.95 | +2.08 | 312K | 63 | 16B |
ZBRA Dividend-Like Income Using Covered Calls
With ZBRA at 319.95, 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% | 9.60 | 2.6 |
5% | 16.00 | 4.4 |
10% | 32.00 | 8.8 |
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 ZBRA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 330.00 | 30.00 | 192 | 15.6 | 5.00 (1.6%) | |
Aug 16 | 330.00 | 19.10 | 101 | 18.9 | 5.00 (1.6%) |
5% Yield On ZBRA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 330.00 | 30.00 | 192 | 15.6 | 5.00 (1.6%) | |
Aug 16 | 330.00 | 19.10 | 101 | 18.9 | 5.00 (1.6%) |
10% Yield On ZBRA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 330.00 | 30.00 | 192 | 15.6 | 5.00 (1.6%) | |
Aug 16 | 330.00 | 19.10 | 101 | 18.9 | 5.00 (1.6%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | EEM dividend | 1. | AAOI dividend | |
2. | SPY dividend | 7. | TSLA dividend | 2. | BYND dividend | |
3. | QQQ dividend | 8. | SLV dividend | 3. | NVAX dividend | |
4. | HYG dividend | 9. | TLT dividend | 4. | RBLX dividend | |
5. | FXI dividend | 10. | NVDA dividend | 5. | MPW dividend |
Want more examples? ZBH Dividend | ZDGE Dividend