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 Thu 4:16 PM ET):
| Zebra Technologies Corporation - Class A (ZBRA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 269.24 | 291.00 | 274.15 | +21.66 | 2.0M | 26 | 13B |
ZBRA Dividend-Like Income Using Covered Calls
With ZBRA at 274.15, 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% | 8.22 | 2.3 |
| 5% | 13.71 | 3.8 |
| 10% | 27.42 | 7.5 |
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 | |
| Mar 20 | 290.00 | 7.50 | 37 | 17.6 | 0.00 (0.0%) | |
| May 15 | 290.00 | 17.00 | 93 | 17.2 | 0.00 (0.0%) | |
| 5% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 20 | 290.00 | 7.50 | 37 | 17.6 | 0.00 (0.0%) | |
| May 15 | 290.00 | 17.00 | 93 | 17.2 | 0.00 (0.0%) | |
| 10% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 20 | 290.00 | 7.50 | 37 | 17.6 | 0.00 (0.0%) | |
| May 15 | 290.00 | 17.00 | 93 | 17.2 | 0.00 (0.0%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | PINS dividend | |
| 2. | GLD dividend | 7. | QQQ dividend | 2. | AAP dividend | |
| 3. | SLV dividend | 8. | TLT dividend | 3. | DKNG dividend | |
| 4. | KWEB dividend | 9. | INTC dividend | 4. | OCUL dividend | |
| 5. | IBIT dividend | 10. | EWZ dividend | 5. | TWLO dividend | |
Want more examples? ZBIO Dividend | ZDGE Dividend
