ZBRA Dividend Type Payments

Zebra Technologies Corp dividend

Although ZBRA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Zebra Technologies Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:00 PM ET):

Zebra Technologies Corp (ZBRA)
Bid Ask Last Change Volume P/E Market Cap
200.35 200.62 200.37 -1.44 302K 26 11B

ZBRA Dividend-Like Income Using Covered Calls

With ZBRA at 200.37, 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% 6.01 1.6
5% 10.02 2.7
10% 20.04 5.5

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
Jun 21 210.00 0.20 3 6.7 9.38 (4.7%)
Jul 19 220.00 1.10 31 3.5 19.38 (9.7%)
5% Yield On ZBRA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 210.00 0.20 3 6.7 9.38 (4.7%)
Jul 19 220.00 1.10 31 3.5 19.38 (9.7%)
10% Yield On ZBRA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 210.00 0.20 3 6.7 9.38 (4.7%)
Jul 19 210.00 3.20 31 10.3 9.38 (4.7%)

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