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 Tue 11:00 AM ET):
| Zebra Technologies Corporation - Class A (ZBRA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 313.02 | 313.67 | 313.22 | +4.86 | 77K | 29 | 16B |
ZBRA Dividend-Like Income Using Covered Calls
With ZBRA at 313.22, 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% | 9.40 | 2.6 |
| 5% | 15.66 | 4.3 |
| 10% | 31.32 | 8.6 |
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 | 320.00 | 12.30 | 46 | 26.7 | 6.33 (2.0%) | |
| Jul 18 | 320.00 | 4.60 | 18 | 25.6 | 6.33 (2.0%) | |
| 5% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 320.00 | 12.30 | 46 | 26.7 | 6.33 (2.0%) | |
| Jul 18 | 320.00 | 4.60 | 18 | 25.6 | 6.33 (2.0%) | |
| 10% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 320.00 | 12.30 | 46 | 26.7 | 6.33 (2.0%) | |
| Jul 18 | 320.00 | 4.60 | 18 | 25.6 | 6.33 (2.0%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | HTZ dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | STZ dividend | |
| 4. | IWM dividend | 9. | FXI dividend | 4. | CIFR dividend | |
| 5. | TSLA dividend | 10. | QQQ dividend | 5. | IREN dividend | |
Want more examples? ZBH Dividend | ZDGE Dividend
