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 Fri 12:35 PM ET):
| Zebra Technologies Corporation - Class A (ZBRA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 258.31 | 258.71 | 258.51 | +8.87 | 208K | 24 | 13B |
ZBRA Dividend-Like Income Using Covered Calls
With ZBRA at 258.51, 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% | 7.76 | 2.1 |
| 5% | 12.93 | 3.5 |
| 10% | 25.85 | 7.1 |
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 ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 260.00 | 21.90 | 106 | 20.7 | 1.29 (0.5%) | |
| May 16 | 260.00 | 6.50 | 15 | 43.3 | 1.29 (0.5%) | |
| 5% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 260.00 | 21.90 | 106 | 20.7 | 1.29 (0.5%) | |
| May 16 | 260.00 | 6.50 | 15 | 43.3 | 1.29 (0.5%) | |
| 10% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 260.00 | 21.90 | 106 | 20.7 | 1.29 (0.5%) | |
| May 16 | 260.00 | 6.50 | 15 | 43.3 | 1.29 (0.5%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | WOLF dividend | |
| 2. | SPY dividend | 7. | FXI dividend | 2. | CORZ dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | LUNR dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | CVI dividend | |
| 5. | QQQ dividend | 10. | INTC dividend | 5. | SOUN dividend | |
Want more examples? ZBH Dividend | ZDGE Dividend
